Agbiz Research releases a daily morning report for the fresh produce market of South Africa. See a summary of today’s report (19 October 2016) below.
The Johannesburg Fresh Produce Market ended the day mixed during yesterday’s trade session. The average price of apples was down by 0,60% from the levels seen the previous day, closing at R6,64 per kilogram. This was on the back of a 26% increase in daily stock levels to 292 933 tons.
At the same time, the price of bananas was down by 1,60%, closing at R7,97 per kilogram on the back of relatively higher stock levels, which were seen at 217 044 tons, up by 38% from the previous day due to an increase in deliveries. Meanwhile, the price of oranges gained 1,35% from the previous day’s level, closing at R8,23 per kilogram. This is on the back of relatively lower stock levels, as oranges are currently in the “out-of-harvest” season.
Yesterday the South African potatoes market saw substantial gains owing to lower stock levels. By the close of the session, prices were up by 10,33% from the previous day’s level, closing at R47,73 per bag (10kg).
When the market opened, the daily potatoes stocks were estimated at 481 563 bags (10kg bags), down by 45% from the previous day, thus adding support to the market. However, towards the end of the session, there was an increase in deliveries, leaving the daily stock levels at 633 264 bags (10kg bags), a 32% recovery from the previous day’s level. – Wandile Sihlobo, Agbiz