Apart from the United States Department of Agriculture’s (World Agricultural Supply and Demand report, domestic weekly grain and oilseed trade data, and the producer deliveries, this was a fairly quiet week (ending 11 August 2017) in the South Africa agricultural commodities markets.
The weaker domestic currency and strong buying interest led to widespread gains in markets. This was with the exception of wheat which ended the week in negative territory, largely pressured by lower international prices.
For fruit and vegetables, the week has remained volatile with daily stock levels underpinning the market. The SAFEX beef carcass market ended the week on a quiet note with prices unchanged from the week ending 4 August 2017. – Wandile Sihlobo, Agbiz