Directorate: Statistics & Economic Analysis
Sub-directorate: Economic Analysis
Both Domestic and international grain prices performed badly
this week compared to the previous week. Domestic white maize
and yellow maize average price per ton decreased by 3.6% and
2.5% respectively on Friday. Due to sharp losses on seasonal
harvest pressure and slightly firmer rand. Other domestic grain
commodities wheat, soybeans, sunflower and sorghum average
prices decline during the reporting week by 1.4% (closing at R 4
510.00/ton), 6.9% ( closing at R7 017.20/ton), 4.8% (closing at
R5 833.80/ton) and 2.1% (closing at R3 200/ton) respectively.
International yellow maize, wheat and soybean weekly average
price decreased by 2.7%, 0.3% and 5.2% respectively. Due to
improved weather conditions across the maize belt, weighing
heavily on prices as ratings were also above seasonal averages.
450.00
400.00
350.00
300.00
250.00
200.00
150.00
100.00
50.00
0.00
US$/MT
9000.00
8000.00
7000.00
6000.00
5000.00
4000.00
3000.00
2000.00
1000.00
0.00
week 28
week 30
week 32
week 34
week 36
week 38
week 40
week 42
week 44
week 46
week 48
week 50
week 52
Week2
Week4
Week6
Week8
Week10
Week12
Week14
Week16
Week18
Week20
Week22
Week24
Week26
Week28
Week30
R/Ton
Spot price trends for major grains
2015
2016
WHITE
YEL LOW
WEAT
SUNS
CORN
SORG
US CO RN
US WE AT
SOY A
US SO YA
Spot price trends of major grains commodities
1 year ago
Last week (week 29)
This week (week
30)
w-o-w %
change
R 3171.20
R4 560.00
R4 395.20
-3.6%
R 2761.00
R3 355.80
R3 270.80
-2.5%
USA Yellow Maize per ton (Jul contract)
$148.12
$138.62
$135.62
-2.7%
RSA Wheat per ton (Jul contract)
R3980.40
R4 576.20
R4 510.00
-1.4%
USA Wheat per ton (Jul contract)
$191.56
$151.38
$154.51
-0.3%
RSA Soybeans per ton (Jul contract)
R4888.00
R7 403.80
R7 017.20
-6.9%
USA Soybeans per ton (Jul contract)
$370.96
$404.85
$386.10
-5.2%
R5457.40
R6 263.60
R5 833.80
-4.8%
R3 010.00
R3 270.00
R3 200.00
-2.1%
(week 30 )
RSA White Maize per ton (Jul contract)
RSA Yellow Maize per ton (Jul contract)
RSA Sunflower seed per ton (Jul contract)
20
Exchange Rate Movements
Brent Crude Oil
48
15
Spot Price FOB
Rand per foreign currency
RSA Sorghum per ton (Jul contract)
10
5
0
46
44
42
40
Jul 18, Jul 19, Jul 20, Jul 21, Jul 22, Jul 23, Jul 24, Jul 25,
2016 2016 2016 2016 2016 2016 2016 2016
Rand/Dollar exchange rates Daily
Rand/Euro Exchange Rate Daily
Rand/Pound Sterling Exchange Rate Daily
The Rand traded around R14.12/dollar,R15.65/euro and 18.60/pound.
At the close of market the rand gain strength against its major counterparts with 0.8% against the dollar, 0.3% against euro and 1.2%
against the pound.
Europe Brent Spot Price FOB (Dollars per Barrel)
Cushing, OK WTI Spot Price FOB (Dollars per Barrel)
The Oil price as depicted on the graph declined last week after the worries of an expected glut in
supply after the US showed an unexpected stockpiles of oil and gasoline. Additionally; news that
the US economy grew slower than expected in April-June also raised questions about demand in
the world's biggest oil consumer. The weak fundamentals caused a depreciation of the US dollar
making oil cheaper for others other currencies. The local oil price decreased by 18% this week
compared to last year and 2.3% lower than it was last week.
National South African Price information (RMAA) : Beef
Week 28
(11/07/2016
to
17/07/2016)
Units
Beef
Class A2 13797
Class A3 1503
Class C2 2187
Avg
Selling
Price
Week 29
(18/07/2016
to
24/07/2016)
37.45
37.20
30.47
Beef
Class A2
Class A3
Class C2
Avg
Selling
Price
Units
9754
1373
2284
Beef prices retreated over the past week. Class A2 prices were 0.24% lower at
R37.36/kg. While average selling price of class A3 and Class C2 were higher by
0.19% and 0.16 % at R37.27/kg and R30.52/kg respectively.
%
Change
37.36
37.27
30.52
-0.24
0.19
0.16
National South African Price information (RMAA) : Lamb
Week 28
(11/07/2016
to
17/07/2016)
Units
Lamb
Class A2 8479
Class A3 1320
Class C2 410
Avg
Selling
Price
Week 29
(18/07/2016
to
24/07/2016)
60.33
60.11
Lamb
Class A2
Class A3
9793
1553
58.72
57.88
-2.7
-3.7
45.61
Class C2
652
46.46
1.9
Avg
Selling
Price
Units
%
Change
Lamb prices decreased from the previous week. Average selling price of Class A2 and
Class A3 were lower with 2.7% and 3.7% respectively at R58.72/kg and R57.88 /kg.
While average selling price of Class C2 were 1.9 % higher at R46.46/ kg.
National South African Price information (RMAA) : Pork
Week 28
(11/07/2016
to
17/07/2016)
Avg
Selling
Price
Week 29
(18/07/2016
to
24/07/2016)
Pork
Class BP 5036
Class HO 2321
23.28
22.96
Class BP
Class HO
5723
5180
23.47
23.71
0.8
3.3
Class HP 3399
23.71
Class HP
4998
23.62
-0.4
Units
Units
Avg
Selling
Price
%
Change
Pork prices were higher comparing week 29 with the past week28, Class BP and
Class HO were higher at 0.8 % and 3.3 % respectively at R23.47/Kg and R23.71 /kg.
Class HP were lower by 0.4% at R23.62/kg.
200
Onions: JHB Market
100
20000
10000
0
Sales Quantities
Average Prices
Top Three vegetables and fruits sold at JHB Market Weekly
0
26-Jul-16
27-Jul-16
Quantities BROWN ONION CLASS 1 (2kg Pocket)
Quantities MILD ONION CLASS 1 (10kg Pocket)
Quantities RED ONION CLASS 1 (10kg Pocket)
Quantities WHITE ONION CLASS 1 (10kg Pocket)
Average Price BROWN ONION CLASS 1 (2kg Pocket)
Average Price MILD ONION CLASS 1 (10kg Pocket)
Average Price RED ONION CLASS 1 (10kg Pocket)
Average Price WHITE ONION CLASS 1 (10kg Pocket)
According to the Market Information System (MIS), trading of brown, mild, red and white onion was recorded only for Tuesday (26 July 2016) and
Wednesday (27 July 2016) at the JHB Fresh Produce Market. During the two days, the daily average prices for red onion class 1 (10kg) increased marginally while average prices for brown onion class 1 (10 kg) and mild onion class 1 (10kg) increased significantly over the two days with lesser quantities sold
of brown onion on Tuesday compared to Wednesday. Nevertheless, average prices for white onion Class 1 (10kg) decreased slightly with higher quantities sold on Tuesday compared to Wednesday. The daily average for Forelle class 2 (9kg) pears and Packham’s Truimph class 2 (9kg) pears decreased
Tomatoes: JHB Market
300
100
200
50
100
0
0
Sales Quantities
Average Prices
150
26-Jul-16
27-Jul-16
Quantities JAM TOMATOES CLASS 1 (20kg crate)
Quantities JAM TOMATOES CLASS 2 (20kg crate)
Quantities LONGLIFE CLASS 2 (20kg crate)
Quantities OTHER TOMATOES CLASS 2 (20 kg case)
Average Price JAM TOMATOES CLASS 1 (20kg crate)
Average Price JAM TOMATOES CLASS 2 (20kg crate)
Average Price LONGLIFE CLASS 2 (20kg crate)
Average Price OTHER TOMATOES CLASS 2 (20 kg case)
Tuesday and Wednesday’s average price for jam tomatoes class 1 (20kg crate) increased during the two days while quantities sold decreased significantly
over those two days especially Wednesday (27 July 2016). Meanwhile average prices for Jam tomatoes class 2 (20 kg crate) and longlife tomatoes class
2 (20kg crate) decreased over the two days while quantities sold increased. Tuesday and Wednesday’s average price for tomatoes class 2 (20kg crate)
decreased significantly over the two days while quantities sold at the JHB Market decreased by more than half on Wednesday (27 July 2016). Daily average prices for Cripps pink and granny smith decreased over the two days with higher volumes sold for Cripps pink on Wednesday. Average prices and
quantities sold for golden delicious and top red also increased over the two days.
For more information contact: Directorate Statistics & Economic Analysis (SEA) at [email protected] or 0123198194.
Source: SAFEX, Reserve Bank, Stats SA, Farmers weekly, CJS Securities (Pty) Ltd; Reuters.
Disclaimer: DAFF will not be liable for results of actions based on this price watch.
The daily average price for BP1 class 1 (10kg) increased on Wednesday (27 July) while quantities sold at the JHB market decreased over the two days.
The daily average prices for Columbus class 1 (10kg) potatoes and Mondial class 1 (10kg) potatoes decreased on Wednesday (27 July 2016) while quantities sold, especially Mondial 10kg potatoes increased significantly over the two days. Both the average prices and quantities sold for Lady Rosetta decreased on Wednesday compared to Tuesday. Meanwhile, Tuesday’s quantities sold of banana hands class 1 (18kg box) and banana hands class 2
(18kg banana box) was significant while not much information was recorded for the week on Market Information System.
Latest News Developments
The pump price for a litre of petrol will be 99c a litre cheaper for all grades from next Wednesday, while the price of diesel 0.05% sulphur and
diesel 0.005% sulphur will decrease by 74c and 73c a litre respectively. Motorists will now pay R12.35 a litre for unleaded petrol inland and
R11.87 on the coast. The decrease is mainly due to the strengthening of the rand (the average rand/dollar exchange rate for the period 1 July
2016 to 28 July 2016 was 14.44 compared to 15.16 during the previous period) and the weaker oil price.
The official unemployment rate in the second quarter of 2016 declined slightly with 0.1 of a percentage point to 26.6%, Statistics South Africa
announced. Despite the slight decrease in unemployment, total employment contracted by 0.8% due to the largest decreases recorded in
Community & social services (127 000), Agriculture (44 000) and Transport (39 000) industries.
For more information contact: Directorate Statistics & Economic Analysis (SEA) at [email protected] or 0123198194.
Source: SAFEX, Reserve Bank, Stats SA, Farmers weekly, CJS Securities (Pty) Ltd; Reuters, RMAA, MIS
Disclaimer: DAFF will not be liable for results of actions based on this price watch.