SAAMA Press Release – March 2017

 

March 2017 Tractor and Combine Harvester Sales

 

Retail sales of agricultural equipment during March 2017 were as follows:

 

Equipment Category
Unit Sales
Percentage change, %
Unit Sales
Percentage change, %
March – Month
March – Year-to-date
2017
2016
2017
2016
Tractors
515
434
18.7
1 668
1  745
-4.4
Combine Harvesters
23
14
64.3
58
52
11.5

March tractor sales of 515 units were almost 19% more than the 434 units sold in March last year.   On a year-to-date basis tractor sales are now only approximately 4% down on last year.   March combine harvester sales of 23 units were approximately 64% up on the 14 units sold in March last year.   Combine harvester sales for the year-to-date are almost 12% up on last year.

The better sales this month are a reflection of the current good summer crop prospects.   With the maize crop now forecasted at 14.3 million tons, this crop is likely to be the biggest crop since 1981.   Although crop prices have been depressed with the excellent crop prospects, farmers were able to buy good-priced stock which came in on the back of the, then, strong rand.   It is likely that short-term prospects for agricultural machinery sales will continue to be good.   However, with the very recent weakening of the rand, equipment prices are going to be forced upwards again.   This will probably start affecting the market towards the middle of the year.

Expectations for 2017 are that overall tractor sales should be at least as good as those in 2016.

Lucas Groenewald
Chairman: South African Agricultural Machinery Association

Contact: Mr. Lucas Groenewald (082) 804-8463 or Dr. Jim Rankin (011) 453-7249