Monthly Archives: November 2016

Agribusiness Outlook for 2017

by John Purchase, Wandile Sihlobo, Tinashe Kapuya, Mariana Purnell on Nov 25th, 2016|

As predicted, 2016 has been an extremely challenging and tumultuous year for the agribusiness environment and farmers alike, Agbiz CEO, Dr John Purchase, said today at a media briefing in Pretoria. Not only did the prevailing drought of the […]

UPDATE: South Africa’s food inflation accelerates

by Wandile Sihlobo, Head Economic and Agribusiness Intelligence at Agbiz on Nov 23rd, 2016|

Recent Consumer Price Index data shows that food and non-alcoholic beverages inflation accelerated to 11.7% year-on-year (y/y) in October 2016 from 11.3% in September 2016 (1) (with non-alcoholic beverages aside, food inflation rose to 12% y/y in October 2016 […]

Jobs report shows the resilience of SA’s agricultural sector

by Wandile Sihlobo, Head Economic and Agribusiness Intelligence at Agbiz on Nov 22nd, 2016|

Recent employment data shows that the agricultural sector created 7% more jobs in the third quarter of this year from the previous one – which is 56 000 additional jobs, putting the sector’s total labour force at 881 000 […]

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    Agbiz/IDC Agribusiness Confidence Index declines marginally in Q4, 2016

Agbiz/IDC Agribusiness Confidence Index declines marginally in Q4, 2016

by Wandile Sihlobo, Head Economic and Agribusiness Intelligence at Agbiz on Nov 21st, 2016|

The Agbiz/IDC Agribusiness Confidence Index declined by 5 index points in the fourth quarter of this year to 55 Index points. Worth noting, however, is that an index above 50 indicates expansion in the South African agribusiness activity. Therefore […]

Canola shows crucial growth in South Africa, but is set to decline globally

by Wandile Sihlobo on Nov 17th, 2016|

Although it is among the least discussed, canola seed is a crop experiencing significant growth in South Africa. This particular crop has seen tremendous progression over the past 18 years – from just 17 000 hectares in 1998 to 68 075 […]

UPDATE: South African fuel prices set to drop next month

by Wandile Sihlobo, Head Economic and Agribusiness Intelligence at Agbiz on Nov 15th, 2016|

Preliminary estimates from the Central Energy Fund suggest that petrol (95 ULP Inland) and diesel (0.05% Wholesale Inland) prices could decline by 45 cents per litre (c/l) and 39 c/l, respectively, on 07 December 2016. This could bring the […]

UPDATE: South Africa’s Food and Beverages Output Falls

by Wandile Sihlobo on Nov 10th, 2016|

Recent food and beverage sectors’ manufacturing data indicates that in September 2016 output declined by 2.6% year-on-year (y/y), after registering a 3.1% y/y increase in August 2016.

This sector consists of five sub-sectors, namely (1) meat, fish, fruit, etc., (2) […]

Agriculture needs action to sow success

by Wandile Sihlobo, Head Economic and Agribusiness Intelligence at Agbiz on Nov 10th, 2016|

At this year’s International Grains Council Conference in London, I sat in admiration as Jesús Silveyra from Argentina’s Ministry of Agriculture presented his country’s ambitious 2020 development plan for the agricultural sector. Silveyra highlighted six important points, namely: Argentina […]

Rand/US Dollar to remain a key driver of South Africa’s grain prices

by Wandile Sihlobo and Tinashe Kapuya on Nov 3rd, 2016|

South Africa is traditionally a net exporter of maize and a net importer of wheat. However, during 2015/16 marketing year the country became a net importer of both maize and wheat due to lower supplies on the back of […]

Soybean to surge in the 2016/17 production season

by Wandile Sihlobo on Nov 1st, 2016|

In the 2016/17 production season, the world is set to see the biggest soybean crop in a decade. Recent estimates from the International Grains Council (IGC) suggest that 2016/17 global soybeans production could reach 332 million tons, which would […]