Standard Bank_ Agribusiness Biweekly Insights: Livestock Report (01 September 2023)
Livestock The South African beef industry has welcomed the resumption of beef exports to China and Saudi Arabia over the last two weeks. Saudi Arabia banned domestic beef exports 21 years ago, after it had last imported small quantities around the early 2000s. The ban was due to certain halal procedural issues that needed […]
Standard Bank_ Agribusiness Biweekly Insights: Horticulture Report (01 September 2023)
Horticulture The South African avocado industry has been given a boost, as it was recently given the greenlight to export avocados to China. While this development was received positively by the domestic avocado industry, there are a few post-harvest and shipping protocols that need attention. One such protocol requires methyl bromide fumigation of avocados […]
Standard Bank_ Agribusiness Biweekly Insights: Filed Crops Report (01 September 2023)
Field Crops The Crop Estimates Committee (CEC) released the seventh summer crop and first winter crop estimates for the 2023/24 marketing year (MY). Maize production was revised upwards by 0.3% from the previous estimate to 16.41 million tons (second-largest and up by 6% y/y). Soya bean production was unchanged at its record of 2.755 […]
ABSA_ Agri Trends – Grains and Oilseed: 25 August 2023
Agri Trends –Grains and Oilseed Weather conditions proving challenging for grains and oilseeds. Maize: CBOT corn experienced a 1.1% increase for the week ending 18th August, followed by a month-on-month decline of 9.0% and a more pronounced decline of 28.3% year-on-year. This is due to continued dry and warm […]
Agri Trends: Livestock Report: 27 July 2023
Agri Trends – Livestock Recovery in calf prices could serve as a leading indicator for upward scope in retail prices for red meat Beef: Class A carcass prices continue to remain under pressure, although weekly price declines lost momentum and could signal that this market is approaching a […]