AGFACTS Newsbrief Summary – April 2017

AGFACTS Newsbrief Summary – April 2017

    • The year-on-year depreciation in the nominal effective rand rate of exchange (smoothed) has moved to 22.7% 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 1.3%, upwards.
    • The second production estimate for maize for the 2016/2017 season is 14.324 million tons. This is 84.1% higher than the production of 7.779 million tons in the 2015/2016 season.
    • Tractor sales for March 2017 were 18.7% up on those of March last year. Year-to-date sales are 4.4% down on those for the first three months of last year.
    • Year-to-date (3 month) self-propelled combine harvester sales are 11.5% up on those of last year for the same period.