News archive

News archive - April-2018

Some Upswing in South Africa’s Grain Production Estimates

South Africa is in for a fairly good harvest in 2017/18 production season. This was confirmed by the third production forecasts released by the National Crop Estimate Committee this afternoon. All summer crop production estimates were revised up from previous month’s levels, with the exception of dry beans. In the same vein, winter crop farmers intend to increase the area plantings this upcoming season - Wandile Sihlobo, Agbiz economist

03.05.2018 / Agbiz in the news

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Consumers will benefit from fewer farming pressures

This year promises to be a fairly good one for South African consumers, particularly from a food cost perspective. The deceleration in food inflation that was observed in 2017 could again prevail this year as large grain stocks and the expected good harvest in the current production season continue to underpin the market - Wandile Sihlobo, Agbiz economist *This essay first appeared on Business Day on 26 April 2018.

03.05.2018 / Agbiz in the news

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SA agricultural trade sustains a good momentum

In February 2018, the cumulative agricultural exports were valued at R20.89 billion leading to a positive net trade of R3.736 billion. Agricultural exports were dominated by the table grapes, stone-fruit, wine, cuttlefish and tilapia - Sifiso Ntombela, trade economist and Agbiz Head: International Trade and Investment Intelligence

03.05.2018 / Agbiz in the news

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SA food price inflation decelerates further to 3.5%

Food and non-alcoholic beverages inflation decelerated to 3.5% in March 2018, from 3.9% in the previous month. This is the lowest levels since December 2013 - thanks to last season’s robust crop output, as well as deceleration in meat price inflation. While there might be a slight uptick in the coming months in anticipation of the VAT and sugar tax effect, we expect the food and non-alcoholic beverages price inflation to remain at fairly low levels this year cushioned by a large grain stock from the current marketing year, as well as the expectation of a fairly good summer grain harvest - Wandile Sihlobo, Agbiz economist

20.04.2018 / Agbiz in the news

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Western Cape’s prospects depend on good winter rain

The west coast of South Africa, which is well known for good wines and being the country’ major winter grains producing region, has been saddled with below-normal winter rainfall for the past three years. The impact of this is clear from the Western Cape’s dwindling agricultural output - Wandile Sihlobo, Agbiz economist

13.04.2018 / Agbiz in the news

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South African tractor sales for March 2018 up 41% y/y

The South African tractor sales were up by 41% y/y in March 2018, with 726 units sold. This follows a 12% y/y contraction in February. On average, 23 tractors were sold a day last month compared to 21 tractors in February 2018 and 16 tractors a day in March 2017 -Wandile Sihlobo, Agbiz economist

 

12.04.2018 / Agbiz in the news

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