AGFACTS Newsbrief Summary – December 2015

AGFACTS Newsbrief Summary – December 2015

  • The year-on-year (October) value of the nominal effective rand rate of exchange (smoothed) is approximately 9.6% lower than it was a year ago.
  • The overall trend downward in year-on-year price changes of all categories of agricultural machinery remains upwards. The current year-on-year increase in the overall price index (smoothed) is 6.5%.
  • The continued upward trend in year-on-year agricultural machinery price changes is likely to continue in the immediate short term.
  • The overall wheat crop is expected to be 1.505 million tons in the 2015 season, 14.0% lower than last season.
  • The “Intentions to Plant” forecast for commercial maize for the 2015/2016 season is 2.551 million hectares, 3.8% down on last year.
  • Year-to-date (November) tractor sales of 6 447 units are 8.5% lower than last year.
  • Overall tractor sales for 2015 (excluding exports) are now expected to be approximately 6 600 units.