Agri-Weeklywebapps.daff.gov.za/AmisAdmin/upload/02 September 2016.pdf · Weekly wheat imports came...
Transcript of Agri-Weeklywebapps.daff.gov.za/AmisAdmin/upload/02 September 2016.pdf · Weekly wheat imports came...
Agri-Weekly
02 September 2016
Yellow maize market (Graph 1)
International: Maize prices posted solid losses over the
week as favourable conditions for the maturing crop and expectations of better yields continued to weigh heavily on the market.
On crop expectations, a bumper crop is expected from the US as crop condition ratings beat historic trends, bolstering expectations of above average yields. The overall US maize crop is rated 75% in the good to excellent conditions, the highest rating since 2004.
News that the Fed may raise rates sooner than market expectations saw the US$ gaining ground and thus adding further pressure on the maize market.
On trade, export sales came in on the bearish side, down 19% w/w at 861,000 tons while shipments were up 40% w/w at 1.47m tons.
2016/17 Season
IGC global projections (million tons) 13/14 14/15 15/16 July August
Production 998 1018 969 1017 1030
Trade 122 125 135 130 131
Consumption 950 993 969 1010 1019
Carryover stocks 182 207 207 213 218
Year/year change 48 25 0
11
Major exporters 52 59 53 63 69
Argentina, Brazil, Ukraine, US Source: IGC
Source: USDA, PSD
0
200,000
400,000
600,000
800,000
1,000,000
1,200,000Graph 1a: World maize production trends (‘000 tons)
0%
10%
20%
30%
40%
0
100,000
200,000
300,000
Graph 1b: World maize- Ending Stocks vs Stocks/Usage ratio
Ending Stocks Stocks/Usage ratio
Graph 1: Yellow maize prices
750
1,070
1,390
1,710
2,030
2,350
2,670
2,990
3,310
3,630
3,950
4,270
04-Sep-15 08-Jan-16 13-May-16 16-Sep-16
(R/ton)
Import parity Export parity Domestic
* last two data points are preliminary
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Domestic: The weaker rand underpinned recent gains despite the spill over weakness from the
international market. Producer deliveries came in notably lower w/w at 27,840 for yellow maize, bringing
cumulative year to date deliveries to 3.23m tons, which is 77% of the crop estimated for the variety. Total maize deliveries reached at 5.74m tons during the week ended 26 August 2016.
YMAZ imports slowed to 56,685 tons with major suppliers being the South Americans - Argentina and Brazil with a share of 86% and 14% respectively. However on a season date basis, Argentina’s share is 90% while that for Brazil is only 10%.
The average weekly YMAZ prices were up 0.6% w/w and 14% higher y/y at R3,184/t. Prices have so far dropped by R837/t from the 2016 peak of R4,021/t.
Source: JSE, Own Calculations
SAFEX (Rand/ ton) CME (US$/t)
02 September
2016 WMAZ % w/w YMAZ % w/w CBOT Corn % w/w US CORN % w/w
Weekly Avg R 4,144 -2.3% R 3,184 0.6% R 1,800 0.6% 144.20 -4.1%
Sep-2016 R 4,108 -3.2% R 3,249 2.7% - - 124.66 0.1%
Dec-2016 R 4,128 -2.9% R 3,316 3.2% Dec-2016 R 1,928 129.39 1.0%
Mar-2017 R 3,854 -0.1% R 3,225 3.6% Mar-2017 R 2,029 133.33 1.2%
May-2017 R 2,974 1.3% R 2,749 3.0% May-2017 R 2,082 136.01 1.1%
Jul-2017 R 2,861 3.8% R 2,732 3.9% Jul-2017 R 2,156 138.85 1.0% Source: JSE, CME
OUTLOOK Currency volatility will remain the main driver in the short term. Weather will start influence further direction in the medium term as we head into the planting period. The short term precipitation outlook is concerning given the continued dryness. Nonetheless, expectations are that the situation might improve as the season progresses with the next season crop back within normal trends - upwards of 12m tons.
-400-340-280-220-160-100
-402080
140200260320
Graph 1c: Weekly YMAZ price change (R/ton) Last 5 months
2500
2600
2700
2800
2900
3000
3100
3200
3300
Graph 1d: JSE YMAZ Futures, Jul-17 (R/t)
0
10,000
20,000
30,000
40,000
MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR
Graph 1e: Monthly Yellow Maize Export Trends Marketing Seasons, (tons)
2015/16 2016/17
0
20,000
40,000
60,000
80,000
MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR
Graph 1f: Total SA Maize Export Trends Marketing Seasons, (tons)
2015/16 2016/17
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Source: SAGIS;
02 September 2016 Calculated Yellow Maize Options prices (R/ton) RMB commodity desk (Tel: 011 269 9005)
Dec-16 Mar-17 May-17
Ask Put Call Ask Put Call Ask Put Call
4,160 572 540 3,900 565 519 3,040 491 425
4,120 549 557 3,860 542 536 3,000 468 442
4,080 527 575 3,820 519 553 2,960 444 458
White maize market trends (Graph 2)
International: The stronger US dollar coupled with
expectations of a larger harvest for the new season crop pressured the white maize market.
US white maize shed about 5% over the week to settle at US$132/ton, which is down by 9% y/y.
Domestic: Weekly white maize prices weakened
despite the softer rand. White maize prices averaged R4,144 per
ton, down 2.3% w/w and 34% higher y/y. Prices have so far shed R1,018/t from the 2016 peak of R5,162/t. On the import front, white maize imports came in at 18,951 tons all from Mexico. Mexico
has so far supplied 237,587 tons of white maize to South Africa, which is 92% of the total imports of this variety.
Total maize imports for the 2016/17 season have now reached 722,798 tons. Deliveries for the week ended 26th August were pegged at 109,394 tons, bringing the
cumulative season to date delivery at 2.51m tons, which is 81% of the total estimated white maize crop. OUTLOOK Currency volatility will remain the main driver in the short term. Weather will start influence further direction in the medium term as we head into the planting period. The short term precipitation outlook is concerning given the continued dryness. Nonetheless, expectations are that the situation might improve as the season progresses with the next season crop back within normal trends - upwards of 12m tons.
0
100,000
200,000
300,000
400,000
500,000
MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR
Graph 1g: Monthly Yellow Maize Import Trends (tons) Marketing Season
2015/16 2016/17
0
100,000
200,000
300,000
400,000
500,000
MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR
Graph 1h: Total Monthly SA Maize Imports (tons) Marketing Season
YM 2016/17 WM 2016/17 YM 2015/16 WM 2015/16
Graph 2: White maize prices
680
1,160
1,640
2,120
2,600
3,080
3,560
4,040
4,520
5,000
5,480
04-Sep-15 08-Jan-16 13-M ay-16 16-Sep-16
Imp o rt parit y Exp ort parit y D omest ic
(R/ton)
* last two data points are
preliminary
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02 September 2016 Calculated White Maize Options prices (R/ton) RMB commodity desk (Tel: 011 269 9005)
Dec-16 Mar-17 May-17
3,360 346 302 3,260 347 312 2,780 318 287
3,320 324 320 3,220 324 329 2,740 296 305
3,280 302 338 3,180 303 348 2,700 274 323
Source: SAGIS;
-300-240-180-120
-600
60120180240300360420
Graph 2a: Weekly price change (R/ton) - JSE WMAZ
2500
2600
2700
2800
2900
3000
3100
3200
3300
3400
3500
Graph 2b: JSE WMAZ Futures, Jul-17 (R/t)
0
10,000
20,000
30,000
40,000
50,000
60,000
MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR
Graph 2c: Monthly White Maize Export Trends (tons) Marketing Seasons
2016/17 2015/16
0
20,000
40,000
60,000
80,000
MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR
Graph 2d: Total SA Maize Export Trends Marketing Seasons, (tons)
2015/16 2016/17
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR
Graph 2e: Monthly White Maize Import Trends (tons) Marketing Season
2015/16 2016/17 Cumulative
0
100,000
200,000
300,000
400,000
500,000
MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR
Graph 2f: Total Monthly SA Maize Imports (tons) Marketing Season
YM 2016/17 WM 2016/17YM 2015/16 WM 2015/16
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Wheat market trends (Graph 3)
International: The market moved mostly on the downside
for the week, mainly pressured by the strong US dollar and renewed uncertainties regarding ergot law in Egypt. Ample world supplies added to the weaker tone.
Egypt has announced its plans to reinstate a zero tolerance on ergot on wheat imports. This caused some panic across the market as Egypt is the largest importer of the grain.
In France, the agricultural ministry reported that French wheat yields could come in 30% below last year and with higher than average protein levels. This offset earlier
concerns that the French wheat had quality issues, rather the crop may come in less than expected.
The market is however now concerned about the protein levels of the US crop, the Russian as well as the Canadian crops. Some reports in Canada indicate concerns of vomitoxin and low protein levels.
Source: USDA, PSD
Domestic: The Rand continued to lose ground over the week but was not enough to offset spill over
pressure from the international market and good domestic crop conditions. Wheat prices averaged R4,166 per ton, down 3% w/w and 1% y/y. Weekly wheat imports came in at 63,260 tons, all from Russia. Russia by far the largest
supplier with 42% of the total wheat imports. The cumulative year to date imports were pegged at 1.91m tons. Exports rebounded to 1,308 tons with the season to date reaching 51,735 tons.
OUTLOOK
Quality will be the main driver of prices internationally as crop ratings in key export markets indicate increased variability. On the domestic front, the currency should cushion downside risks stemming from abundant global supplies.
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
Graph 3a: World wheat production trends (‘000 tons)
0%
5%
10%
15%
20%
25%
30%
35%
40%
0
50,000
100,000
150,000
200,000
250,000
300,000
Graph 3b: World wheat: Ending Stocks vs Stocks/Usage ratio
Ending Stocks Stocks/Usage ratio
Graph 3: Wheat price trends
500
940
1,380
1,820
2,260
2,700
3,140
3,580
4,020
4,460
4,900
5,340
04-Sep-15 08-Jan-16 13-M ay-16 16-Sep-16
Import parit y Exp ort p arit y D omest ic
(R/ton)
* last two data points are preliminary
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R 4,545
R 5,120
R 4,705
R 4,262
3860
4060
4260
4460
4660
4860
5060
5260
5460
22-J
an-1
6
05-F
eb-1
6
19-F
eb-1
6
04-M
ar-1
6
18-M
ar-1
6
01-A
pr-
16
15-A
pr-
16
29-A
pr-
16
13-M
ay-…
27-M
ay-…
10-J
un
-16
24-J
un
-16
08-J
ul-
16
22-J
ul-
16
05-A
ug-
16
19-A
ug-
16
02-S
ep-1
6
Graph 3d: JSE WHEAT Futures - (R/t)
-300-240-180-120
-600
60120180240300360420
Graph 3c: Weekly JSE Wheat price change (R/ton)
Source: JSE
12 August 2016
JSE WHEAT
(R/t) % w/w US HRW (US$/t) % w/w
US SRW (US$/t) % w/w
Weekly average R 4,166 -3.1% 139.03 -7.1% 149.12 -6.1%
Sep-2016 R 3,985 -7.4% 137.13 0.8% 141.98 -0.8%
Dec-2016 R 4,045 -3.1% 146.68 0.6% 151.82 -0.8%
Mar-2017 R 4,129 -3.2% 154.76 0.0% 158.00 -0.6%
May-2017 R 4,230 - 159.69 -0.2% 161.67 -0.7%
Jul-2017 163.95 0.4% 165.05 -1.0% Source: JSE, USDA, CME
02 September 2016 Calculated Wheat Option prices (R/ton) RMB commodity desk (Tel: 011 269 9005)
Sep-16 Dec-16 Mar-17
Ask Put Call Ask Put Call Ask Put Call
4,140 324 277 4,240 350 304 4,340 376 329
4,100 302 295 4,200 328 322 4,300 354 347
4,060 281 314 4,160 306 340 4,260 332 365
Source: SAGIS;
-
80,000
160,000
240,000
320,000
400,000
480,000
OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP
Graph 3e: Wheat Import Trends (tons) Marketing Season
2013/14 2014/15 2015/16
0
10000
20000
30000
40000
0
80000
160000
240000
320000
400000
480000
OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP
Graph 3f: Wheat Import & Export Trends (tons) Marketing Season
IMP-2014/15 IMP-2015/16, RHS
EXP-2014/15 EXP-2015/16, RHS
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Oilseed market trends (Graph 4) International: Prices were down across the US
soybean complex with soybeans closing down 4.6% w/w but almost 10% higher y/y. In the product category, soybeans fell by 3.5% w/w and 3.7% y/y at US$326/ ton. Soybean oil fell by 2.7% w/w but still 18% higher y/y at US31.00 cents/ lb.
On the demand side, China is reportedly purchasing a lot more from the US given the competitive prices. Overall export sales were pegged at 1.583m tons.
US crop ratings came in at 73% on the good to excellent conditions, 10-percentage
points above last year’s ratings. About 94% of the US crop was reported at or beyond the pod setting stage, 3-percenatge points ahead of last year and 2-percenatge points ahead of the 5-year average.
Source: USDA, WASDE, PSD
Domestic:
Prices rebounded strongly across the oilseed complex mainly on rand weakness and improve demand.
Sunflower prices advanced by 5.5% w/w at R6,343/ ton, which is 8% higher y/y. Soybean prices moved modestly higher at R6,623/ ton, up 2.1% w/w and 23% y/y. On harvest outlook, the expected sunflower production for 2015/16 is 742,750 tons and
soybeans at 750,250 tons all unchanged from the previous estimate.
OUTLOOK The trend in global prices remains sideways with slight upside potential on good demand in Asian markets. However, harvest pressure from South America continues to limit further upside. On the domestic market, the rand will remain a major driver in prices direction as the turmoil in our politics persists for a bit longer.
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
Graph 4a: World soybean production trends (‘000 tons)
0%
5%
10%
15%
20%
25%
30%
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
Graph 4b: World soybean: Ending Stocks vs Stocks/Usage ratio
Ending Stocks Stocks/Usage ratio
Graph 4: Derived Oilseed prices
3,480
3,920
4,360
4,800
5,240
5,680
6,120
6,560
7,000
7,440
7,880
28-Aug-15 01-Jan-16 06-M ay-16 09-Sep-16
Derived Soya Derived Sunflower
Sunflower-spot Soya-spot
(R/ton)
* last two data points are preliminary
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FNB Agri-Weekly Page 8
Source: JSE
02 September 2016
JSE SUNS (R/t) % w/w
JSE SOYA (R/t) % w/w
US SOYA (US$/t) % w/w
Weekly avg R 6,343 5.5% R 6,623 2.1% 387.00 -4.6%
Sep-2016 R 6,325 1.5% R 6,689 3.4% 355.83 -2.2%
Dec-2016 R 6,540 2.7% R 6,679 2.8% - -
Mar-2017 R 6,415 3.6% R 6,509 3.0% 352.15 -1.2%
May-2017 R 6,200 2.8% R 6,200 2.6% 353.26 -1.1%
Jul-2017 R 6,235 3.1% 354.36 -0.9% Source: JSE, CME
Oilseeds Futures 02 September 2016
Dec-16 Mar-17 May-17 Jul-17 Sep-17
CBOT Soya oil (US c/lb) 32.66 33.04 33.42 33.57 33.71
CBOT Soya cake meal (US$/t) 307.40 305.70 306.00 307.00 305.70
Calculated Sunflower Option prices (R/ton) RMB commodity desk (Tel: 011 269 9005)
Dec-16 Mar-17 May-17
Ask Put Call Ask Put Call Ask Put Call
6,600 745 705 6,460 801 753 6,240 795 755
6,560 723 723 6,420 778 770 6,200 772 772
6,520 701 741 6,380 756 788 6,160 750 790
Sugar market trends (Graph 5)
International: International raw sugar prices lost
ground on harvest pressure from Brazil. Cane farmers raised their harvest pace
in Brazil to take advantage of the good prices in recent weeks while the real was also weaker, encouraging export sales.
Demand was reportedly good. According to Bloomberg, Brazil’s top exporter reported that it had 954,000 tons of sugar scheduled for delivery in June-2017, this is about 10 times the volumes recorded in the previous season. This should help stabilise prices.
-800-640-480-320-160
0160320480640800
Graph 4c: Weekly JSE SOY price change (R/ton)
-1,150
-920
-690
-460
-230
0
230
460
Graph 4e: Weekly JSE SUNS price change (R/ton)
Graph 5: World Raw Sugar Price
No.11 (Usc/lb)
7
9
10
12
13
15
16
18
19
21
22
0 5 - Se p- 15 0 4 - Ja n- 16 0 4 - Ma y- 16 0 2 - Se p- 16
(USc/lb)
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Additionally, the International Sugar Association has reported that global sugar stocks are critically low, estimating a deficit for 2016/17 season at 7.05m tons, one of the highest shortfalls on record. Though the organisation expects sugar output to grow by 2.17m tons, this improvement will not be enough to replenish global stocks as demand is forecast to grow by 3.5m tons to 175.1m tons.
Raw sugar prices were down 1.6% w/w at US20.20 cents/lb. ICE sugar futures were softer across the board with the Mar-17 contract down 1.5% w/w
at US21.77 cents/lb. Sugar for May-17 delivery lost 1.2% w/w at US20.25 cents/lb.
Source: InterContinental Exchange (ICE)
Source: USDA, PSD
Domestic: The RV price came in higher on the domestic market. According to reports released by the
Cane Growers Association, the August Recoverable Value (RV) price for cane delivered in
July came in at a new high of R5,041.76 per ton, up by R603.05 m/m. According to the Cane
Growers Association, this is on the back of 15% hike in the local market national sugar price
which was implemented effective from July 13, 2016. The downside pressure came from the
27,993 tons improvement in sugar output, the firmer R/US$ and the 0.29% decline in
sugar:RV ratio.
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
50,000
Graph 5a: World Sugar ending stocks trends (‘000 tons)
70%
72%
74%
76%
78%
80%
82%
0
20000
40000
60000
80000
100000
120000
140000
160000
180000
200000
Graph 5b: World Sugar production and % Cane
Total Sugar Production ('000t) % Cane
ICE Sugar Futures 02 September 2016
Mar-17 May-17 Jul-17 Oct-17 Mar-17
Sugar No.11 (US c/lb) 20.77 20.25 19.73 19.47 19.34
% Change w/w -1.5% -1.2% -0.7% -0.3% 0.1%
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Vegetable Market Trends (Graphs 6a to 6e): South Africa’s 5 Major Fresh Produce Markets (Average Pretoria, Bloemfontein, Johannesburg, Cape Town and Durban)
Onions (5 major markets)
This week we saw a substantial drop in onion prices on the back of higher volumes across markets. Weekly onion prices closed at R2,135 per ton, down 59% w/w but slightly higher by 1% y/y. Volumes of onions traded reached 6,643 tons, up 8% w/w but still down by 13% y/y. It is however expected that onion prices will rebound slightly on strong uptake across markets.
Tomatoes (5 major markets) Tomato prices trended higher on tight volumes across the markets. The average weekly tomato prices settled at R4,127per ton, up 26% w/w but still down 40% compared to last year. Volumes traded reached 4,852 tons, down 12% w/w but 20% higher y/y. A slight rebound is expected in the short term but downside pressure remains for the medium term.
Potatoes (5 major markets)
Potato prices posted a sharp recovery on the back of improved uptake across markets. The weekly average potato prices closed at R4,722 per ton, up 21% w/w and 73% y/y. Volumes traded reached 14,783 tons, up 5% w/w but still down 13.7% y/y. It is expected that prices will be confined to a sideways trend in the short to medium term as inventory levels remain elevated due the continuing harvesting.
0
940
1,880
2,820
3,760
4,700
5,640
6,580
7,520
8,460
9,400
10,340
11,280
04-Sep-15 08-Jan-16 13-M ay-16 16-Sep-16
0
1000
2000
3000
4000
5000
6000
Volumes (ton) (RHS) R/ton (LHS)
* last two data points are preliminary
Graph 6a: F resh P ro duce M arkets
-T o mato prices
0640
1,2801,9202,5603,200
3,8404,4805,1205,7606,4007,0407,6808,320
04-Sep-15 08-Jan-16 13-May-16 16-Sep-16
0
2080
4160
6240
8320
10400
12480
14560
16640
18720
20800
Volumes (ton) (RHS) R/ton (LHS)
* last tw o data points are preliminary
Graph 6b: Fresh Produce Markets
- Potato prices
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000
0
840
1,680
2,520
3,360
4,200
5,040
5,880
6,720
7,560
8,400
9,240
04-Sep-15 08-Jan-16 13-May-16 16-Sep-16
Volumes (ton) (RHS) R/ton (LHS)
* last two data points are preliminary
Graph 6c: Fresh Produce Markets - Onion prices
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FNB Agri-Weekly Page 11
Vegetable prices: South Africa’s Major Fresh Produce Markets. (Average Pretoria, Bloemfontein, Johannesburg, Cape Town and Durban)
Week ending Average Total 02 September
2016 Price (R/t) w/w y/y Volume (t) w/w y/y
Tomato 4,127 26% -40% 4,852 -12% 20%
Potato 4,722 21% 73% 14,783 5% -13.7%
Onion 2,135 -59% 1% 6,643 8% -13%
Carrot 1,708 -26% -21% 2,790 22% 9%
Cabbage 1,787 0% 29% 1,787 1% 6% Source: FNB AgriComms
Carrots (5 major markets) Weakness in the car market continued as supplies remain high. Volumes of carrots traded rose by a whopping 22% w/w and 9% y/y at 2,790 tons. Weekly carrot prices finished at R1,708 per kg, down 26% w/w and 21% y/y. The generally higher volumes will continue to limit upside potential. Therefore prices are expected to trend sideways in the short term.
Cabbages (5 major markets) In the cabbage market, prices remained firm at R1,787 per ton and still 29% higher y/y. Volumes of cabbages traded came in at 1,787 tons, up 1% w/w and 6% y/y. The short term cabbage outlook remains bearish as supplies become increasingly available.
0
250
500
750
1,000
1,250
1,500
1,750
2,000
2,250
2,500
0
760
1520
2280
3040
3800
4560
5320
6080
6840
7600
8360
04-Sep-15 08-Jan-16 13-May-16 16-Sep-16
Volumes (ton) (RHS) R/ton (LHS)
* last two data points are preliminary
Graph 6d: Fresh Produce Markets - Carrot prices
0
380
760
1140
1520
1900
0
380
760
1,140
1,520
1,900
2,280
2,660
3,040
3,420
3,800
4,180
4,560
4,940
04-Sep-15 08-Jan-16 13-May-16 16-Sep-16
Volumes (ton) (RHS) R/ton (LHS)
* last two data points are preliminary
Graph 6e: Fresh Produce Markets - Cabbage prices
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FNB Agri-Weekly Page 12
0
100
200
300
400
500
600
700
03,0006,0009,000
12,00015,00018,00021,00024,00027,00030,00033,00036,000
05-Sep-15 04-Jan-16 04-May-16 02-Sep-16
Graph 7b: Fresh Produce Markets - Avocado prices
Quantity (ton) (RHS) R/ton (LHS)
0
500
1,000
1,500
2,000
2,500
3,000
3,500
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
05-Sep-15 04-Jan-16 04-May-16 02-Sep-16
Graph 7a: Fresh Produce Markets - Apple prices
Quantity (ton) (RHS) R/ton (LHS)
0
200
400
600
800
1,000
1,200
1,400
0
10,000
20,000
30,000
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60,000
70,000
05-Sep-15 04-Jan-16 04-May-16 02-Sep-16
Graph 7e: Fresh Produce Markets - Mango prices
Quantity (ton) (RHS) R/ton (LHS)
0
200
400
600
800
1,000
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
05-Sep-15 04-Jan-16 04-May-16 02-Sep-16
Graph 7d: Fresh Produce Markets - Grapes prices
Quantity (ton) (RHS) R/ton (LHS)
0
1,000
2,000
3,000
4,000
5,000
6,000
0
2,000
4,000
6,000
8,000
10,000
05-Sep-15 04-Jan-16 04-May-16 02-Sep-16
Graph 7c: Fresh Produce Markets - Banana prices
Quantity (ton) (RHS) R/ton (LHS)
0
200
400
600
800
1,000
1,200
0
10,000
20,000
30,000
40,000
50,000
60,000
05-Sep-15 04-Jan-16 04-May-16 02-Sep-16
Graph 7f: Fresh Produce Markets - Pear prices
Quantity (ton) (RHS) R/ton (LHS)
The Fruit Market Trends – 5 Major Fresh Produce Markets in SA (Graphs 7a to 7f)
Source: FNB AgriComms
FRUIT PRICES: Major FPMs. (Average Pretoria, Bloemfontein, Johannesburg, Cape Town and Durban)
Week ending 02 September
2016
Average Price (R/t)
w/w
y/y
Total Volume (t)
w/w
y/y
Apples 6,796 -2% 11% 2823 22% -8%
Avocados 12,767 8% 14% 419 -4% -6%
Bananas 7,186 -5% 64% 2722 26% -36%
Grapes 47,171 -8% 5% 46 57% 35%
Pears 31,393 -1% -11% 772 6% 38% Source: FNB AgriComms
____________________________________________________________________________________________________________________________________________
FNB Agri-Weekly Page 13
FNB Business – Agriculture Meet our dedicated team of Agricultural Managers in various regions of South Africa
Name Location Cell phone Email Address**
Grewar, Oosthuizen EASTERN CAPE -Port Elizabeth 071 607 6850 grewar.oosthuizen @fnb.co.za
Edmund, De Beer EASTERN CAPE -Port Elizabeth 084 656 5634 edebeer1 @fnb.co.za
David, Dobrowsky FREE STATE -Bethlehem 083 387 7977 ddobrowsky @fnb.co.za
Martin, Louw FREE STATE -Theunissen 082 784 8880 mlouw1 @fnb.co.za
Chris, Bekker FREE STATE -Bloemfontein 082 560 1894 cbekker @fnb.co.za
Jan, Theron GAUTENG -Pretoria 082 556 7494 jantheron @fnb.co.za
Greg, Sparrow KwaZulu-Natal -Pietermaritzburg 071 684 8420 greg.sparrow @fnb.co.za
Jurgens, du Preez KwaZulu-Natal -Newcastle 063 688 9146 jurgens.dupreez @fnb.co.za
Herman, Claassens LIMPOPO -Tzaneen 082 370 5718 herman.claassens @fnb.co.za
Adolf , Grobler LIMPOPO -Bela-Bela 082 337 6040 agrobler @fnb.co.za
Stephan, Scheepers MPUMALANGA -Nelspruit 082 377 8516 sscheepers2 @fnb.co.za
Theo, Verwey MPUMALANGA -Pretoria 082 419 6086 tverwey @fnb.co.za
Pedrie, Van der Merwe NORTHERN CAPE -Kimberly 071 351 3439 pedrie.vandermerwe @fnb.co.za
Frik, Coetzee NORTHERN CAPE -Upington 082 497 4769 frik.coetzee @fnb.co.za
Johan, De Klerk NORTH WEST -BRITS 082 776 3477 jdeklerk2 @fnb.co.za
Johan, Strydom NORTH WEST -Potchefstroom 082 497 2274 cstrydom @fnb.co.za
Johan, Beukes WESTERN CAPE -Stellenbosch 082 372 4656 jbeukes @fnb.co.za
Lize, Morris WESTERN CAPE -George 082 928 8546 lmorris @fnb.co.za
Arno, Cloete WESTERN CAPE -Willowbridge 082 302 3621 arno.cloete @fnb.co.za
**Please ignore the spaces in the Email addresses; they were inserted to break the links.
Disclaimer:
This report may contain certain opinions, predictions and assumptions and has been compiled from a variety of sources. Accordingly, you use the information
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