SAAMA Press Release – April 2012
April 2012: Tractor and Combine Harvester Sales
Retail sales of agricultural equipment during April2012 were as follows:
|Equipment Category||Unit Sales||Percentage change, %||Unit Sales||Percentage change, %|
|April – Month||April – Year-to-date|
|Tractors||528||368||43.5||2 763||1 998||38.3|
April tractor sales of 528 units were almost 44% higher than the sales of 368 units reported in April last year. On a year-to-date basis 2012 sales are 38% higher than 2011 sales. April combine harvester sales of 64 units were significantly up on the 42 units sold in April last year. On a year-to-date basis combine harvester sales are now almost 32% up on last year.
Fundamentals in the market still remain positive. Recent deliveries on government tenders continue to give the market a boost. The market is still very competitive. Crop prices are still holding up well, with stock levels being finely balanced between supply and demand. This will have a bearing on crop prices as local and international grain stocks are quite low. Harvesting is only just beginning now, so farmers do not yet have a good feel for what their crops will yield. Once harvesting is proceeding in earnest, farmers will have a better idea about the quality and quantity of the current crop. This should then give the lead to the direction of the agricultural machinery market over the next few months.
Industry predictions for tractor sales for the 2012 calendar year are currently between 6 700 and 7 300 units, up to 10% down on 2011 sales.
Chairman: South African Agricultural Machinery Association
Contact: Mr. Lane Reynolds (082) 652-2501 or Dr. Jim Rankin (011) 453-7249