AGFACTS Newsbrief Summary – April 2016

AGFACTS Newsbrief Summary – April 2016

  • The year-on-year depreciation in the nominal effective rand rate of exchange (smoothed) has moved to 22.3% as at the end of March.
  • The overall trend in the year-on-year price increases of agricultural machinery continues to be upwards. The current overall year-on-year trend in price changes (smoothed) is now 15.3%, upwards.
  • The third production estimate for maize for the 2015/2016 season is 7.065 million tons. This is 29.0% less than the production of 9.955 million tons in the 2014/2015 season.
  • Tractor sales for March 2016 were 28.0% down on those of March last year. Year-to-date sales are 10.2% down on those for the first three months of last year.
  • Year-to-date (3 month) self-propelled combine harvester sales are 25.7% down on those of last year for the same period.