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Agri-Weekly
19 August 2016
Yellow maize market (Graph 1)
International: US maize prices rebounded over the week,
gaining support from the strong soybean market.
Crop ratings remained unchanged with weather forecast pointing to more precipitation along the US maize belt, which is beneficial for the developing crop.
Overall, the US crop was rated 74% in the good to excellent conditions, unchanged w/w but 5-percentage points above last year. The crop is reportedly progressing well and ahead of seasonal averages with 73% of the crop at or beyond the dough stage, 8-percentage points ahead of last year.
Meanwhile, US ethanol production reached a weekly record despite the weaker crude oil market. According to the US Energy and Information Administration (EIA), weekly ethanol output for the week ended 12th of August has reached 1.029m barrels a day, a record for the July.
On exports, US weekly sales were neutral to bearish to the market reported at 1.2m tons.
Globally, the figure for the 2016/17 production season was a shocker for the maize market at a record 1.03 billion tons with ending stocks reaching 220.8m tons. This is expected to maintain downward pressure on prices in the medium to longer term.
2016/17 Proj. Beginning Stocks Production Imports
Domestic Feed Domestic Exports
Ending Stocks
Million tons
World 209.34 1028.4 128.03 623.58 1016.93 137.25 220.81
United States 43.33 384.92 1.27 144.15 313.07 55.25 61.2 Source: USDA, WASDE
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
21-Aug-15 25-Dec-15 29-Apr-16 02-Sep-16
(R/ton)
Import parity Export parity Domestic
* last two data points are preliminary
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FNB Agri-Weekly Page 2
Source: USDA, PSD
Domestic: Weekly yellow maize prices ended the week slightly firmer on spill over gains from the
higher Chicago market. The Rand was also slightly weaker but the seasonal harvest pressure limited overall gains in maize prices.
The average weekly YMAZ prices was up 7% w/w and 16% higher y/y at R3,107/t. Prices have so far dropped by R393/t from the 2016 peak of R4,021/t. In the futures market, the May-17 Jul-17 prices moved sideways over the week and traded at R2,713/tons and R2,658/ton respectively.
The pace of producer deliveries was upped a bit as harvest is almost complete. Weekly deliveries came in at 210,058 tons of which 69% was white and 31% yellow maize. Cumulative year to date deliveries reached 5.6m tons, which is 78% of the estimated crop.
Imports of yellow maize came in at 47,634 tons, all from Argentina. The cumulative year to date imports reached 362,503 tons.
Exports volumes were significantly higher at 4,466 tons for yellow maize, which bring the total for the season to 80,169 tons.
Source: JSE, Own Calculations
SAFEX (Rand/ ton) CME (US$/t)
19 August 2016 WMAZ % w/w YMAZ % w/w CBOT Corn % w/w US CORN % w/w
Weekly Avg R 4185 5.3% R 3,107 2.6% R 1,738 1.4% 151.77 0.7%
Sep-2016 R 4,319 7.6% R 3,178 3.6% R 1,747 3.0% 131.67 3.7%
Dec-2016 R 4,360 8.3% R 3,237 3.8% R 1,824 1.8% 135.38 3.2%
Mar-2017 R 4,019 8.7% R 3,136 3.2% R 1,916 1.6% 139.24 2.9%
May-2017 R 2,962 3.1% R 2,713 0.3% R 1,960 1.4% 141.92 2.9%
Jul-2017 R 2,767 1.3% R 2,658 0.5% R 2,038 2.3% 144.44 2.7% Source: JSE, CME
0
200,000
400,000
600,000
800,000
1,000,000
1,200,000
Graph 1a: World maize production trends (‘000 tons)
0%
5%
10%
15%
20%
25%
30%
35%
0
50,000
100,000
150,000
200,000
250,000
Graph 1b: World maize- Ending Stocks vs Stocks/Usage ratio
Ending Stocks Stocks/Usage ratio
-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)
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OUTLOOK Prices are expected to remain range bound at current levels until the planting begins in earnest. Weather and the currency will influence price direction in the medium term.
Source: SAGIS;
19 August 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
3,280 328 285 3,180 347 303 2,760 327 280
3,240 306 303 3,140 324 320 2,720 304 297
3,200 285 322 3,100 303 339 2,680 282 315
White maize market trends (Graph 2)
International: US prices rallied on the week due to the
strong soybean market and the slightly weaker US dollar late in the week which improved export competitiveness.
The weekly average white maize prices closed at US$143 per ton, up 5% w/w but down 3% y/y.
Domestic: White maize prices were firmer on strong
export data and spill over gains from the international market.
White maize prices averaged R4,185 per ton for the week, up 5% w/w and 40% higher y/y. Prices have so far shed R789/t from the 2016 peak of R5,162/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
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
21-Aug-15 25-Dec-15 29-Apr-16 02-Sep-16
Import parit y Export parit y D omest ic
(R/ton)
* last two data points are
preliminary
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Weekly maize imports came in at 31,962 tons, bringing the cumulative year to date imports to 185,320 tons.
Exports of white maize were 13,203 tons for the week with the total year to date figure reaching 155,678 tons. OUTLOOK Prices are expected to remain range bound at current levels until the planting begins in earnest. Weather and the currency will influence price direction in the medium term.
19 August 2016 Calculated White Maize Options prices (R/ton) RMB commodity desk (Tel: 011 269 9005)
Dec-16 Mar-17 May-17
4,400 568 528 4,060 563 522 3,000 433 395
4,360 546 546 4,020 540 539 2,960 410 412
4,320 523 563 3,980 518 557 2,920 387 429
Source: SAGIS;
2500
2700
2900
3100
3300
3500
3700
3900
Graph 2a: JSE WMAZ Futures, Jul-17 (R/t)
-300
-240-180
-120-60
060
120180
240300
360420
Graph 2b: Weekly price change (R/ton) - JSE WMAZ
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 2016/17 YM 2015/16 WM 2015/16
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Wheat market trends (Graph 3)
International: US wheat prices trended mostly firmer on
the back of support from strong export sales and the weaker US dollar.
Nonetheless, globally supplies remain abundant limiting further gains.
The USDA weekly export sales came in at 489,500 tons for the marketing year 2016/17. Sales came in within market expectations of 400,000 to 600,000 tons. The USDA expects overall exports to reach 25.9m tons.
Along the US plains, winter wheat harvest is nearing completion with 97% of the crop harvested. There are chances of rains in the
short to medium-term which could affect crop quality. US spring wheat harvest is also progressing well.
In the EU, FranceAgriMer estimated French harvest at 97% complete compared to 75% the week prior. In Germany, According to the German Farmers’ Association (DBV), German wheat production will decline to 22.9m tons, down 13% y/y due to the extended rainfall during the harvest period.
In the Black Sea region, Ukraine’s Agriculture Ministry pegged the 2016/17 crop at 25.5m tons slightly down on the 25.5m tons harvested in 2015/16.
Source: USDA, PSD
Domestic: Wheat prices rebounded modestly on the back of the strong gains in the maize market
and further strength on the international market. Crop conditions remain relatively favourable across the producing areas particularly the
Western Cape and some parts of the Free State. Wheat prices averaged R4,163 per ton, up 2% w/w and 3% higher y/y. Deliveries report showed wheat delivered to commercial silos reached 1,898 tons. Imports came in at 27,357 tons for the week ended 19 August 2016, sourced from the
Germany. The season to date imports have now reached 1.81m tons with the major suppliers being Russia (39%), Germany (15%), the US (10%) and Poland (10%).
Despite being a net importer of wheat, South Africa exported 1,827 tons to the Namibia and Lesotho during the week.
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
21-Aug-15 25-Dec-15 29-Apr-16 02-Sep-16
Import parit y Exp ort parit y D omest ic
(R/ton)
* last two data points are preliminary
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FNB Agri-Weekly Page 6
R 4,545
R 5,120
R 4,705
R 4,070
3860
4060
4260
4460
4660
4860
5060
5260
5460
Graph 3d: JSE WHEAT Futures - (R/t)
Sep-16
OUTLOOK The renewed rand volatility will underpin price direction in the short term. Better production conditions and better yields will continue to limit further upside for prices.
19 August 2016
JSE WHEAT
(R/t) % w/w US HRW (US$/t) % w/w
US SRW (US$/t) % w/w
Weekly average R 4,163 1.9% 153.84 1.8% 165.74 2.1%
Sep-2016 R 4,300 5.0% 153.81 0.6% 156.89 1.1%
Dec-2016 R 4,273 4.8% 163.36 0.5% 163.36 1.0%
Mar-2017 R 4,311 3.0% 169.17 0.5% 170.49 0.4%
May-2017 172.77 0.4% 175.34 0.5%
Jul-2017 176.22 0.3% 178.35 0.7% Source: JSE, USDA, CME
19 August 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
4,320 342 295 4,360 365 316 - - -
4,280 320 313 4,320 343 334 - - -
4,240 299 332 4,280 321 352 - - -
-300
-240
-180
-120
-60
0
60
120
180
240
Graph 3c: Weekly price change (R/ton) - JSE WHEAT
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Source: SAGIS;
Source: SAGIS;
Oilseed market trends (Graph 4) International: US soybean prices were firmer on the
week gaining support from strong export data. In the product category, soymeal and soyoil also trended higher.
Export sales were reported at 1.77m tons while shipments were reported 865,000 tons.
Demand remains firm in China with the USDA announcing that private exporters reported sales of 381,000 tons to China.
Though crop ratings remained unchanged, they were 9-percentage points above the 5-year average at 72% in the good to excellent condition category. Weather conditions remained favourable, aiding crop development. About 92% of the US crop was reported at or beyond the blooming stage, 3-percentage points ahead of last year. These figures bolster expectations of above average yields and a bumper harvest.
Global production is estimated at 330.41m tons, up 4.5m tons from the previous estimate.
-
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, RHSEXP-2014/15 EXP-2015/16, RHS
38,445
49,516
102,816
109,267
151,014
185,036
188,900
276,193
710,890
0 200,000 400,000 600,000 800,000
AUSTRALIA
ARGENTINA
CANADA
UKRAINE
LITHUANIA
POLAND
UNITED STATES
GERMANY
RUSSIAN FEDERATION
Graph 4g: SA Wheat imports by country
269
912
2,490
4,831
5,196
10,249
25,865
0 5,000 10,000 15,000 20,000 25,000 30,000
ZAMBIA
SWAZILAND
MOZAMBIQUE
LESOTHO
BOTSWANA
NAMIBIA
ZIMBABWE
Graph 3h: SA Wheat exports by destination
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
21-Aug-15 25-Dec-15 29-Apr-16 02-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: USDA, WASDE, PSD
Domestic:
Prices in the oilseed complex were firmer on spill over gains from the international market and the slightly weaker Rand.
Sunflower posted strong gains on good buying interest and increased by almost 4% over the week to average R5,876/ton.
Soybean prices moved sideways to firmer at R6,372 which is still 25% higher y/y. OUTLOOK
Globally, prices are expected move sideways with limited upside potential on good demand in Asian markets while harvest pressure from South America continues to provide downside pressure.
Source: JSE
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
-800
-640
-480
-320
-160
0
160
320
480
640
800
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)
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FNB Agri-Weekly Page 9
19 August 2016
JSE SUNS (R/t) % w/w
JSE SOYA (R/t) % w/w
US SOYA (US$/t) % w/w
Weekly avg R 5,876 3.6% R 6,372 0.7% 410.00 2.2%
Sep-2016 R 5,930 25.0% R 6,371 22.0% 377.36 2.4%
Dec-2016 R 6,060 25.0% R 6,414 21.0% - -
Mar-2017 R 5,891 0.0% R 6,209 24.0% 367.51 1.8%
May-2017 R 5,761 0.0% R 5,925 20.0% 366.56 2.2%
Jul-2017 R 5,817 23.0% R 6,371 22.0% 366.41 2.3% Source: JSE, CME
Oilseeds Futures 19 August 2016
Dec-16 Mar-17 May-17 Jul-17 Sep-17
CBOT Soya oil (US c/lb) 32.45 32.86 33.01 33.19 33.26
CBOT Soya cake meal (US$/t) 361.34 351.86 349.65 350.31 346.24
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
6,100 700 660 6,040 806 657 5,800 762 723
6,060 678 678 6,000 782 673 5,760 740 741
6,020 656 696 5,960 759 690 5,720 717 758
Sugar market trends (Graph 5) International: Developments in Brazil were more
influential on the market over the week. Good harvest weather aided harvest
pace and exerted pressure on the market with prices moving sideways to weaker.
However, the Brazilian real rallied further, lifting the sugar market as it limited export volumes.
Additionally, the Brazilian government announced that output may be 2% less than market expectations (35m tons). This coupled with overall global deficit helped lift prices.
World raw sugar prices were virtually unchanged for the week averaging US19.94 cents/lb, up by 88% y/y.
ICE sugar futures were firmer across the board with the Mar-17 contract up 0.4% w/w at US20.28 cents/lb. Sugar for May-17 delivery gained 0.6% w/w at US19.82 cents/lb.
Source: InterContinental Exchange (ICE)
ICE Sugar Futures 19 August 2016
Mar-17 May-17 Jul-17 Oct-17 Mar-17
Sugar No.11 (US c/lb) 20.28 19.82 19.29 19 18.83
% Change w/w 0.4% 0.6% 0.7% 0.8% 1.0%
Graph 5: World Raw Sugar Price
No.11 (Usc/lb)
7
9
10
12
13
15
16
18
19
21
22
2 2 - Aug- 15 2 1- De c - 15 2 0 - Apr- 16 19 - Aug- 16
(USc/lb)
____________________________________________________________________________________________________________________________________________
FNB Agri-Weekly Page 10
Source: USDA, PSD
Domestic: Sugar prices moved higher on the domestic market. According to 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. This is largely due to the 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.
Vegetable Market Trends (Graphs 6a to 6e): South Africa’s 5 Major Fresh Produce Markets (Average Pretoria, Bloemfontein, Johannesburg, Cape Town and Durban)
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
Tomatoes (5 major markets) Tomato prices rebounded and finished higher on tight volumes across the markets. The average weekly tomato prices settled at R3,351 per ton, up 22% w/w but still down 37% compared to last year. Volumes traded reached 4,815 tons, down 14% w/w but 10% higher y/y. It is expected that prices will move sideways to slightly weaker on softer demand.
0
940
1,880
2,820
3,760
4,700
5,640
6,580
7,520
8,460
9,400
10,340
11,280
21-Aug-15 25-Dec-15 29-Apr-16 02-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
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Carrots (5 major markets) The carrot market resumed the weaker trend on volume pressure. Weekly carrot prices were down 17% w/w, averaging R2,507 per ton, but still up 12% y/y. Volumes of carrots traded reached 1,920 tons, up 10% w/w but down 8% y/y. Prices are expected to rebound slightly on increased uptake ahead of month end.
0760
15202280
304038004560
532060806840
76008360
21-Aug-15 25-Dec-15 29-Apr-16 02-Sep-16
0
250
500
750
1,000
1,250
1,500
1,750
2,000
2,250
2,500
Volumes (ton) (RHS) R/ton (LHS)
* last two data points are preliminary
Graph 6d: Fresh Produce Markets -
Carrot prices
Onions (5 major markets)
Onion prices reversed last week’s gains and traded on moderately on the bearish side due to increased volumes on the market. The weekly average onion prices lost 4% over the week, but were more than double the price attained last year this time at R5,613 per ton. Volumes of onions traded were up 7% on the week but down 16% y/y at 5,492 tons. It is however expected that onion prices may rebound on strong market uptake.
Potatoes (5 major markets)
Potato prices posted sharp losses as volume increased across markets. Weekly potato prices averaged R3,748 per ton, down 9% w/w but still up 146% y/y. Volumes traded reached 14,604 tons, up 15% w/w and down 7.3% y/y. Prices are expected to remain range bound at current levels on increased demand amidst large volumes. 0
6401,2801,9202,5603,2003,8404,4805,1205,7606,4007,0407,6808,320
21-Aug-15 25-Dec-15 29-Apr-16 02-Sep-16
0
2080
4160
6240
8320
10400
12480
14560
16640
18720
20800
Volumes (ton) (RHS) R/ton (LHS)
* last two data points are preliminary
Graph 6b: Fresh Produce Markets
- Potato prices
0
840
1,680
2,520
3,360
4,200
5,040
5,880
6,720
7,560
8,400
9,240
21-Aug-15 25-Dec-15 29-Apr-16 02-Sep-16
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000
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 12
0
100
200
300
400
500
600
700
0
3,000
6,000
9,000
12,000
15,000
18,000
21,000
24,000
27,000
30,000
33,000
36,000
22-Aug-15 21-Dec-15 20-Apr-16 19-Aug-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
22-Aug-15 21-Dec-15 20-Apr-16 19-Aug-16
Graph 7a: Fresh Produce Markets - Apple prices
Quantity (ton) (RHS) R/ton (LHS)
Vegetable prices: South Africa’s Major Fresh Produce Markets. (Average Pretoria, Bloemfontein, Johannesburg, Cape Town and Durban)
Week ending Average Total
19 August 2016 Price (R/t) w/w y/y Volume (t) w/w y/y
Tomato 3,351 22% -37% 4,815 -14% 10%
Potato 3,748 -9% 67% 14,604 15% -7.3%
Onion 5,613 -4% 146% 5,492 7% -16%
Carrot 2,507 -17% 12% 1,920 10% -8%
Cabbage 1,737 -10% 12% 1,616 6% 5% Source: FNB AgriComms
The Fruit Market Trends – 5 Major Fresh Produce Markets in SA (Graphs 7a to 7f)
Cabbages (5 major markets) The cabbage market resumed the weaker trend due to increased supplies on markets. The weekly cabbage prices closed at R1,737 per ton, shedding 10% w/w but still 12% higher y/y. Volumes of cabbages traded reached 1,920 tons, up 10% w/w but down 6% higher y/y. Marginal recovery is expected in the short to medium term as demand improves. However, the generally higher volumes will continue to limit upside potential.
0380
7601,1401,5201,900
2,2802,6603,040
3,4203,8004,180
4,5604,940
21-Aug-15 25-Dec-15 29-Apr-16 02-Sep-16
0
380
760
1140
1520
1900
Volumes (ton) (RHS) R/ton (LHS)
* last two data points are preliminary
Graph 6e: Fresh Produce Markets
- Cabbage prices
____________________________________________________________________________________________________________________________________________
FNB Agri-Weekly Page 13
0
200
400
600
800
1,000
1,200
1,400
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
22-Aug-15 21-Dec-15 20-Apr-16 19-Aug-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
22-Aug-15 21-Dec-15 20-Apr-16 19-Aug-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
22-Aug-15 21-Dec-15 20-Apr-16 19-Aug-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
22-Aug-15 21-Dec-15 20-Apr-16 19-Aug-16
Graph 7f: Fresh Produce Markets - Pear prices
Quantity (ton) (RHS) R/ton (LHS)
Source: FNB AgriComms
FRUIT PRICES: Major FPMs. (Average Pretoria, Bloemfontein, Johannesburg, Cape Town and Durban)
Week ending 19 August 2016
Average Price (R/t)
w/w
y/y
Total Volume (t)
w/w
y/y
Apples 6,832 1% 13% 2215 8% -10%
Avocados 10,657 3% -10% 421 -11% 50%
Bananas 8,233 2% 58% 1882 13% -39%
Grapes 47,583 -19% -8% 30 74% 67%
Pears 32,421 -2% -3% 720 8% 32% Source: FNB AgriComms
____________________________________________________________________________________________________________________________________________
FNB Agri-Weekly Page 14
FNB Business – Agriculture Meet our dedicated team of Agricultural Managers in various regions of South Africa
Name Location Cell phone Email Address**
Grew ar, 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 Dobrowsky @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 076 476 9571 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 -Caledon 082 372 4656
jbeukes @fnb.co.za Lize, Morris WESTERN CAPE -Willowbridge 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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