Published: 08/02/2018
After the solid performance of 19% y/y increase in December 2017, the South African tractor sales were again up by 10% y/y in January 2018, with 527 units sold. This was somewhat surprising given that the area planted with summer crops declined in the 2017/18 production year. With that said, we believe that the uptick was due to a fairly stronger domestic currency, as well as late plantings in the western parts of the country - Wandile Sihlobo, Agbiz economist
After the solid performance of 19% y/y increase in December 2017, the South African tractor sales were again up by 10% y/y in January 2018, with 527 units sold. This was somewhat surprising given that the area planted with summer crops declined in the 2017/18 production year. With that said, we believe that the uptick was due to a fairly stronger domestic currency, as well as late plantings in the western parts of the country. As expected, the combine harvester sales fell by 50% y/y with only 8 units sold, due to reduced activity and poor yields in the winter crop growing areas. Overall, the agricultural machinery sales are likely to soften in the near term due to reduced activity in both the summer and winter fields.
ENQUIRIES:
Wandile Sihlobo (wandile@agbiz.co.za)
012 807 6686
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