Embed Size (px)
Citation preview
Absa AgriBusiness
Presenter nameSubject
Agrimark trends
Agric outlook
2 October 2008
Disclaimer: Although everything has been done to ensure the accuracy of the information, the Bank takes no responsibility for actions or losses that might occur due to the usage of this information.
Absa AgriBusiness
Agricultural outlook - Content
• General market trends
• Field crops– Maize, Wheat, Sunflower, Soya
• Fibre – Cotton, Wool, Mohair
• Livestock– Poultry, Pork, Beef, Mutton, Dairy Ostrich
• Vegetables– Tomato, Potato, Cabbage, Carrots
Absa AgriBusiness
Absa AgriBusiness
Economic market principals with in agriculture
Comments• South African farmers face a 60% plus price exposure
to the outside world and are therefore by implication global players in a global market.
• They therefore have very little control over pricing levels and tend to be price takers, with prices ranging between import parity and export parity depending on local supply and demand resulting in increased price volatility
• Factors influencing prices over which they have no control are international production trends, international farming subsidies, exchange rates, import and export tariffs.
• Production risk due to nature also contributes to production volatility which in turn lead to an increase in price volatility
• Framers therefore have to manage PRICE and PRODUCTION if they want to make a success of their business
SA Rainfall trends
0
200
400
600
800
1000
Rain
(mm
)
Rain 3 yr Avg Long-term Avg
SA Agricultural's Exposure to the International Market
05,000
10,00015,00020,00025,00030,00035,00040,00045,000
1980 1985 1990 1995 2000 2005
(R '0
00
)
0%
10%
20%
30%
40%
50%
60%
70%
80%
Exports Imports Import + Exports as % of GPV
SA yellow maize prices (R/ton
200
700
1,200
1,700
2,200
2,700
3,200
3,700
J an-03 J an-04 J an-05 J an-06 J an-07 J an-08 J an-09 J an-10
Import Parity Export Parity Domestic
Absa AgriBusiness
New Market environment – Technology is changing the world
Pointers
• Demand technology
• Taste enhancement / Packaging / Presentation / Time value enhancements
• Variety, safety and convenience is taken as a given
• Information technology
• Connectivity
• Here now attitude
• Transport technology
• World is becoming a smaller place
• Delivery just in time
• Storage technology
• Improved shelf life
• No more seasonality
• Production technology
• GMO’s - Selection / fertilizers etc.
• Productivity enhancement
Absa AgriBusiness
Agric Cost curve
Absa AgriBusiness
Economic market principles within agriculture
Cost curve
In the long term agriculture is experiencing a cost curve of approximately 3% per annum (The price of Farming requisites increases faster than producer prices however for 2008/09 season we expect a cost curve of more than 30%
To survive this, farmers need to become more productive (increase output in relation to inputs) this is mainly done by:
• Improving production efficiencies (use of technology)• Value adding• Lowering fixed costs (economies of scale)
World agriculture is poised to enter a new growth phase that will be much greater than colonization and industrialization.
• During the period of industrialization after the second world war, agricultural production expanded exponentially, compared to the growth in population (due to the development of fertilizer and production machinery).
• Production of coarse grains, beef and mutton however peak during mid eighties as these commodities were mainly dependent on the availability of natural resources. Commodities like poultry and pork continued to grow as they were able to utilize surplus coarse grains.
• Production has however once again since the mid nineties started to increase due to advances in geo-technology (GMOS etc.)
The net effect of the above is that production volumes will continue to increase thus improving the survival potential of agriculture in general
Agricultural Cost Curve
-2
0
2
4
6
8
10
12
14
1980 1985 1990 1995 2000 2005
Producer price index Farming requisites
Maize yield
-
1.00
2.00
3.00
4.00
5.00
6.00
1960 1965 1970 1975 1980 1985 1990 1995 2000 2005
(to
n/h
a)
World yields SA yields
Maize yield
-
1.00
2.00
3.00
4.00
5.00
6.00
1960 1965 1970 1975 1980 1985 1990 1995 2000 2005
(to
n/h
a)
World yields SA yields
Absa AgriBusiness
Agricultural economic indicators
Farm income and expenditure trends (R million)
0
20000
40000
60000
80000
100000
120000
140000
160000
180000
69/70 73/74 77/78 81/82 85/86 89/90 93/94 97/98 01/02 05/06 09/10
Yearly Farm Debt commitment Expenditure on inputsGross producer income Net Farm incomeValue of Fixed Assets 50% margin
Absa AgriBusiness
Economic market principals with in agriculture
World agriculture commodity prices to increase substantial over the medium term.
There are two main driving forces at work that will have a positive impact on agricultural commodity prices namely:
• Global WarmingSentiment around global warming is driving legislature around the world to continuously push for the implementation of so-called carbon friendly legislation. As agriculture is the prime beneficiary this type of legislation (due to the ability of plants to extract carbon from the air) new markets will place upward pressure on agricultural commodity prices. Agriculture could however never produce enough energy to replace all fossil fuels.
Crude oil price and production trends
50,000.0
55,000.0
60,000.0
65,000.0
70,000.0
75,000.0
80,000.0
85,000.0
1975 1980 1985 1990 1995 2000 2005 2010
0.00
20.00
40.00
60.00
80.00
100.00
120.00
140.00
160.00
AVG Barrel / Day Price ($/B)
Hong Kong repatriated to China
Iran / Iraq
• Demand for Food and Energy
During the late nineties Capitalism replaced Communism as economic system in the world (signs of the time where the collapse of the Berlin wall in ’98 the repatriation of Hong Kong in to China in ‘99)
This led to an exponential economic growth in Eastern European, Middle East and Asian countries with a resulting increase in the buying power of these consumers, hence the growth in demand for food and energy
Absa AgriBusiness
Grain industry outllok
Absa AgriBusiness
Absa AgriBusiness
Agricultural outlook - Content
• General market trends
• Field crops– Maize, Wheat, Sunflower, Soya
• Fibre – Cotton, Wool, Mohair
• Livestock– Poultry, Pork, Beef, Mutton, Dairy Ostrich
• Vegetables– Tomato, Potato, Cabbage, Carrots
Absa AgriBusiness
World maize trends
World maize price and stock trends International maize price trends (US$/ton)
0
200000
400000
600000
800000
1000000
1988 1991 1994 1997 2000 2003 2006 2009
0
50
100
150
200
250
300
350
Consumption Production
Stocks Price
(US $/t)('000 ton)
60
110
160
210
260
310
360
Jan-01
Jan-02
Jan-03
Jan-04
Jan-05
Jan-06
Jan-07
Jan-08
Jan-09
Jan-10
White Yellow
FAO, USDA - Economic Research Services, USDA - Agricultural Marketing Services
Absa AgriBusiness
South African maize trends
Relationship between supply, demand and price for South Africa
Relationship between White & Yellow Maize Ending Stocks
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
83/84 86/87 89/90 92/93 95/96 98/99 01/02 04/05 '07/08
0
500
1000
1500
2000
2500
3000
Consumption Production Stocks
Price - white Price - yellow(R/ton)('000 ton)
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
82/83 86/87 90/91 94/95 98/99 02/03 06/07
White maize Ydllow laize
Absa AgriBusiness
SA Yellow maize price trends
SA Yellow maize prices (R/ton) Ending stocks for Yellow maize ('000 ton)
350
850
1,350
1,850
2,350
2,850
3,350
3,850
Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10
Import parity Export parity Yellow YM1
0
500
1000
1500
2000
2500
3000
3500
4000
89/90 92/93 95/96 98/99 01/02 04/05 07/08
Source: CBOT, SAGIS, SAFEX, BTT, Own calculations
Absa AgriBusiness
SA White maize price trends
SA White maize prices (R/ton) Ending stocks for white maize ('000 ton)
200
700
1,200
1,700
2,200
2,700
3,200
3,700
Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10
Import Parity Export Parity Domestic
0
500
1000
1500
2000
2500
3000
3500
90/91 93/94 96/97 99/00 02/03 05/06 08/09
Source: SAGIS, SAFX, Own calculations
Absa AgriBusiness
World sunflower price trends
World sunflower supply, consumption and price trends International Sunflower price trends (US$/ton)
0
5000
10000
15000
20000
25000
30000
35000
1982 1985 1988 1991 1994 1997 2000 2003 2006 2009
0
100
200
300
400
500
600
700
Consumption ProductionStocks Price
(US $/t)('000 ton)
240
340
440
540
640
740
840
940
1040
Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10
Source: FAO, USDA Economic Research Services
Absa AgriBusiness
South African sunflower price trends
Relationship between sunflower supply, demand And price for South Africa
Sunflower Seed Prices (R/ton SAFEX)
0
200
400
600
800
1000
1200
1400
79/80 83/84 87/88 91/92 95/96 00/01 '04/05 '08/09
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000Consumption ProductionStocks Price
(R/ton)('000 ton)
Safex
1,150.00
1,650.00
2,150.00
2,650.00
3,150.00
3,650.00
4,150.00
4,650.00
5,150.00
Source: SAGIS, SA Weather Bureau, SAFEX, Own calculations
Absa AgriBusiness
South African sunflower price trends
SA sunflower prices (R/ton) SA sunflower ending stocks ('000 ton)
900
1900
2900
3900
4900
5900
6900
Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10
Sun Import parity Sun domestic
0
50
100
150
200
250
300
350
400
450
500
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Source: USDA Agricultural Market Services, SAGIS, Own calculations
Absa AgriBusiness
Soyabean world trends
World soybean supply, consumption and price trends International soybean price trends (US$/ton)
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
1985 1988 1991 1994 1997 2000 2003 2006 2009
0
50
100
150
200
250
300
350
400
450Consumption Production
Stocks Price(US $/t)('000 ton)
100
200
300
400
500
600
700
Jan-03
Jan-04
Jan-05
Jan-06
Jan-07
Jan-08
Jan-09
Jan-10
Jan-11
10
20
30
40
50
60
70Sojabeans Cakemeel
Oil Oil US c/lb)US $/ton)
Source: FAO, USDA Economic Research Services
Absa AgriBusiness
SA Soyabean trends
Relationship between soybean supply, demand And price for South Africa
Soybean Future Prices (R/ton)
0
100
200
300
400
500
600
700
1982 1987 1992 1997 2002 2007
0
500
1000
1500
2000
2500
3000
3500
4000
4500Consumption ProductionImports StocksPrice
(R/ton)('000 ton)
1000
1500
2000
2500
3000
3500
4000
4500
5000
5500
Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09
Derived importparity SAFEX
Absa AgriBusiness
World wheat trends
World wheat price and stock trends International wheat price trends (US$/ton)
0
200,000
400,000
600,000
800,000
1,000,000
1983 1985 1987 1989 1991 1993 1995 1997 1999 2001 2003 2005 2007 2009
0
50
100
150
200
250
300
Consumption Production
Stocks Price
(US $/t)('000 ton)
120
160
200
240
280
320
360
Jan-03
Jan-04
Jan-05
Jan-06
Jan-07
Jan-08
Jan-09
Jan-10
Jan-11
Soft red Hard red
FAO, USDA - Economic Research Services, USDA - Agricultural Marketing Services
Absa AgriBusiness
SA wheat trends
Relationship between supply, demand and price for South Africa
SAFEX Futures Price Trends
0
500
1000
1500
2000
2500
3000
3500
4000
4500
1980 1983 1986 1989 1992 1995 1998 2001 2004 2007
200
700
1200
1700
2200
2700
3200
3700Consumption Production ImportsStocks Price
(R/ton)('000 ton)
1200
1700
2200
2700
3200
3700
4200
4700
Jan-
03
Jan-
04
Jan-
05
Jan-
06
Jan-
07
Jan-
08
Jan-
09
Jan-
10
Jan-
11
SAFEX
Source: SAGIS, SA Weather Bureau
Absa AgriBusiness
SA Wheat price trends
SA Wheat prices (R/ton) Ending stocks for wheat ('000 ton)
400
900
1,400
1,900
2,400
2,900
3,400
3,900
4,400
Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10 Jan-11
Import parity Export parity Domestic
0
200
400
600
800
1000
1200
1990 1994 1998 2002 2006
Source: CBOT, SAGIS, SAFX, BTT, Own calculations
Absa AgriBusiness
Agricultural outlook - Content
• General market trends
• Field crops– Maize, Wheat, Sunflower, Soya
• Fibre – Cotton, Wool, Mohair
• Livestock– Poultry, Pork, Beef, Mutton, Dairy Ostrich
• Vegetables– Tomato, Potato, Cabbage, Carrots
Absa AgriBusiness
World fibre production trends
World Fibre Production Trends ('000 ton) Cotton / Synthetic Fibre Price Ratio
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
1980 1984 1988 1992 1996 2000 2004 2008
Cotton Wool Rayon Polyester Silk Flax Hemp
0.45
0.55
0.65
0.75
0.85
0.95
1.05
1.15
1.25
1.35
1982 1986 1990 1994 1998 2002 2006
Cotton/Raylon Cotton/Polyester
Figure 1. World Fibre Production and Cotton/Synthetic Fibre Price Ratio Source: USDA Economic Research Service & FAO.
Absa AgriBusiness
World cotton trends
Relation Between World Cotton Ending Stocks and Price
World Cotton Ending Stocks Trends ('000 ton)
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010
0
10
20
30
40
50
60
70
80
90
100
Ending stock US Mill price(FOB) US Farm price
('000 ton) (US c/lb)
0
2,000
4,000
6,000
8,000
10,000
12,000
1992 1995 1998 2001 2004 2007
China India USA Brazil
Pakistan Australia Argentina Uzbekista
Turkey RSA Other
Figure 4. Relation Between World Cotton Ending Stock and Price and World Ending Stock Trends: Source: USDA Economic Research Services, FAO, ABARE.
Absa AgriBusiness
SA cotton price trends
South African Cotton Production and Price Trends SA Cotton Ending Stocks ('000 ton)
0
10
20
30
40
50
60
70
80
90
100
1981 1983 1985 1987 1989 1991 1993 1995 1997 1999 2001 2003 2005 2007 20090
2000
4000
6000
8000
10000
12000
14000
16000
SA Production ImportsProducer price Derived lint price
('000 ton) (R/ton)
0
5
10
15
20
25
1991 1993 1995 1997 1999 2001 2003 2005 2007
Figure 5. South African Production Trends and Cotton Ending Stocks. Source: National Department of Agriculture, Cotton SA, Own calculations.
Absa AgriBusiness
Australian clean wool prices World clean wool stocks (‘000 ton)
0
10
20
30
40
50
60
70
19701973197619791982198519881991199419972000200320062009
South Africa Australia AUS $/kg Australia R/kg
900,000
1,300,000
1,700,000
2,100,000
2,500,000
2,900,000
1990 1994 1998 2002 2006
Production Stocks
Consumption
Source: Economic Research Services, US Department of Agriculture
Absa AgriBusiness
SA Wool price trends
Expected clean wool equivalent production and price trends for South African (SA c/kg)
0
20,000
40,000
60,000
80,000
100,000
120,000
1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 20080
10
20
30
40
50
60
70Production (ton) Price (R/kg)
1,700.00
2,700.00
3,700.00
4,700.00
5,700.00
6,700.00
7,700.00
Nov-02 Nov-04 Nov-06 Nov-08 Nov-10
Australian South Africa
Source: National department of Agriculture, Cape wools, Wesfarmers Landmark, AWEX, Own calculations
Absa AgriBusiness
World mohair production trends
World mohair production trends ('000 ton)
South African Goat herd (millions)
0
5
10
15
20
25
30
1980 1983 1986 1989 1992 1995 1998 2001 2004 2007
S A USA Turkey ArgentinaLesotho Australia New Zealand
0
0.5
1
1.5
2
2.5
3
1990 1995 2000 2005
Angora All goats
Sources Mohair South Africa, Cape Mohair and Wool, Owen calculations.
Absa AgriBusiness
Mohair price trends
Domestic and world mohair price trends Contribution to price
0
20
40
60
80
100
120
140
160
180
1980 1983 1986 1989 1992 1995 1998 2001 2004 2007 2010
S A (R/kg) Kid (R/kg) USA (US c/kg)
Kids37%
Strong Adults13%
Fine Adults22%
Lox13%
Young Goats15%
2008 production season Sources Mohair South Africa, USDA Economic Research Services, Owen calculations.
Absa AgriBusiness
Agricultural outlook - Content
• General market trends
• Field crops– Maize, Wheat, Sunflower, Soya
• Fibre – Cotton, Wool, Mohair
• Livestock– Poultry, Pork, Beef, Mutton, Dairy Ostrich
• Vegetables– Tomato, Potato, Cabbage, Carrots
Absa AgriBusiness
Poultry production trends
Domestic production trends for poultry (ton) Poultry imports and exports
0
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
1977 1980 1983 1986 1989 1992 1995 1998 2001 2004 2007 2010
Production Imports
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
400,000
450,000
1982 1986 1990 1994 1998 2002 2006
Imports Exports
Source: USDA Agricultural market service (AMS), SAMIC, Abstracts of Agricultural Statistics, Own calculations
Absa AgriBusiness
Poultry Price trends
Domestic broiler price trends (c/kg) Relation between poultry and maize prices
300
500
700
900
1100
1300
1500
1700
Jan-99
Jan-00
Jan-01
Jan-02
Jan-03
Jan-04
Jan-05
Jan-06
Jan-07
Jan-08
Jan-09
Jan-10
Whole IFQ Import parity
4
6
8
10
12
14
16
18
20
22
Apr-00 Apr-02 Apr-04 Apr-06 Apr-08 Apr-10
200
400
600
800
1000
1200
1400
1600
Poulrty / maize ratio Frozen whole birdBreakeven Ratio (c/kg)
Source: USDA Agricultural market service (AMS), SAMIC, Abstracts of Agricultural Statistics, SAFEX, Own calculations
Absa AgriBusiness
Pork price tends
Relationship between pork consumer prices and producer prices (c/kg)
Pork to maize price ratios
400
600
800
1000
1200
1400
1600
1800
Jan-97
Jan-98
Jan-99
Jan-00
Jan-01
Jan-02
Jan-03
Jan-04
Jan-05
Jan-06
Jan-07
Jan-08
Jan-09
Jan-10
Contract porker Contract Baconer
3
5
7
9
11
13
15
17
19
Jan-01 Jan-03 Jan-05 Jan-07 Jan-09
0
200
400
600
800
1000
1200
1400
1600
1800
Pork/maize ratioBreak-evenBaconer price
Ratio Price(c/kg)
Sources: SAGIS, SAVPO, SAMIC, Own Calculations
Absa AgriBusiness
SA Beef Herd Numbers
South African beef herd trends
0
100
200
300
400
500
600
700
800
900
1000
1966 1971 1976 1981 1986 1991 1996 2001 2006
Rai
n(m
m)
6
7
8
9
10
11
12
13
14
15
Her
d (m
illio
ns)
Rain 3 yr Avg Beef herd
1
3
5
7
9
11
13
15
1966 1976 1986 1996 2006
Her
d (m
illio
ns)
54%
56%
58%
60%
62%
64%
66%
68%
70%
72%
Percentage fem
ales
Beef herd Percentage females
Source: Department of Agriculture, Weather Bureau, Own calculations
Absa AgriBusiness
SA Beef prices
South African Beef Price trends and the relation between Maize and Weaner Calf Prices
500
1000
1500
2000
2500
3000
3500
Jan-98
Jan-99
Jan-00
Jan-01
Jan-02
Jan-03
Jan-04
Jan-05
Jan-06
Jan-07
Jan-08
Jan-09
Jan-10
Class A Class B Class CContract A2/A3 Consumer
0
250
500
750
1000
1250
1500
1750
2000
2250
2500
Jan-02
Jan-03
Jan-04
Jan-05
Jan-06
Jan-07
Jan-08
Jan-09
Jan-10
8
10
12
14
16
18
20
22
24
26
28
Beef / Maize Contract A2Weaner calf B/E Contract
(c/kg) (Ratio)
Source: SAMIC, Stock Owners, Noord Kaap Lewendehawe, selected feedlots, Own calculations
Absa AgriBusiness
Mutton Price trends
Domestic mutton prices (c/kg) Relation between mutton and maize prices
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
J an-00
J an-01
J an-02
J an-03
J an-04
J an-05
J an-06
J an-07
J an-08
J an-09
J an-10
SA C lass A SA C lass CContract C lass A Consumer
200
700
1,200
1,700
2,200
2,700
3,200
3,700
4,200
Apr-00
Apr-01
Apr-02
Apr-03
Apr-04
Apr-05
Apr-06
Apr-07
Apr-08
Apr-09
Apr-10
0
10
20
30
40
50
60
Meat / maize ratio Contract LambFeeder lamb Class A * 0.5Breakeven ratio
Price (c/kg) Price ratio
Source: SAMIC, SAFEX, and own calculations.
Absa AgriBusiness
SA Producer milk price trends
Producer milk price trends (c/l) Milk to maize price ratio
60
110
160
210
260
310
360
410
Jul-95 Jul-97 Jul-99 Jul-01 Jul-03 Jul-05 Jul-07 Jul-09
0
0.5
1
1.5
2
2.5
3
3.5
Jan-00 Jan-03 Jan-06 Jan-09
0
50
100
150
200
250
300
350
400
RatioBreakeven
Producer milk price
Ratio c/l
Sources: Milk producers Association (MPO), SAFEX and Own calculations
Absa AgriBusiness
Estimated ostrich slaughtering in South Africa South African ostrich production and usage trends (ton)
050,000
100,000150,000200,000
250,000300,000
350,000400,000
1987 1991 1995 1999 2003 2007
0
2
4
6
8
10
12
14
Slaughtering Slaughtering per breeding bird
0
2000
4000
6000
8000
10000
12000
14000
16000
18000
1985 1989 1993 1997 2001 2005 2009
Domestic consumption Exports
Absa AgriBusiness
Gross producer income trends for South Africa (R/bird) Ostrich Price trends
0
100000000
200000000
300000000
400000000
500000000
600000000
700000000
1985 1990 1995 2000 2005 2010
Meat Skin Feather
0
20
40
60
80
100
120
140
160
180
200
1985 1990 1995 2000 2005 20100
200
400
600
800
1000
1200
1400
Meat (R/kg) Feather (R/kg)
Skin (R/skin)
Source: NOKSA, KKK, Camdebo, Agrimark trends, Own calculations
Absa AgriBusiness
Domestic Ostrich Live Bird and Skin prices
Ostrich skin price trends for South Africa (R/skin) Live bird prices (R/bird)
0.00200.00
400.00
600.00
800.00
1000.00
1200.001400.00
1600.00
Jan-97
Jan-98
Jan-99
Jan-00
Jan-01
Jan-02
Jan-03
Jan-04
Jan-05
Jan-06
Jan-07
Jan-08
Jan-09
Grade 1 Grade 2 Grade 3 Average
0
500
1000
1500
2000
2500
3000
Jan-97 Jan-02 Jan-07
Source: NOKSA, KKK, Camdebo,, Agrimark trend , Own calculations
Absa AgriBusiness
Agricultural outlook - Content
• General market trends
• Field crops– Maize, Wheat, Sunflower, Soya
• Fibre – Cotton, Wool, Mohair
• Livestock– Poultry, Pork, Beef, Mutton, Dairy Ostrich
• Vegetables– Tomato, Potato, Cabbage, Carrots
Absa AgriBusiness
Cabbage market trends
Real adjusted Cabbage market trends (Price = R/ton, Volume = ton)
-
200.00
400.00
600.00
800.00
1,000.00
1,200.00
1,400.00
Jan-08 Mar-08 May-08 Jul-08 Sep-08 Nov-08
-
1,000.00
2,000.00
3,000.00
4,000.00
5,000.00
6,000.00
7,000.00
8,000.00
9,000.00
10,000.00
3 yr AVG Vol 2008 Vol 3 yr AVG Price 2008 Price
Absa AgriBusiness
Carrot market trends
Real adjusted Carrots market trends (Price = R/ton, Volume = ton)
-
500.00
1,000.00
1,500.00
2,000.00
2,500.00
3,000.00
3,500.00
Jan-08 Mar-08 May-08 Jul-08 Sep-08 Nov-08
-
1,000.00
2,000.00
3,000.00
4,000.00
5,000.00
6,000.00
7,000.00
8,000.00
9,000.00
10,000.00
3 yr AVG Vol 2008 Vol 3 yr AVG Price 2008 Price
Absa AgriBusiness
Onion market trends
Real adjusted Onions market trends (Price = R/ton, Volume = ton)
-
500.00
1,000.00
1,500.00
2,000.00
2,500.00
3,000.00
3,500.00
Jan-08 Mar-08 May-08 Jul-08 Sep-08 Nov-08
-
5,000.00
10,000.00
15,000.00
20,000.00
25,000.00
Series2 Series4 Series1 Series3
Absa AgriBusiness
Real adjusted Potatoes market trends (Price = R/ton, Volume = ton)
-
500.00
1,000.00
1,500.00
2,000.00
2,500.00
3,000.00
3,500.00
Jan-08 Mar-08 May-08 Jul-08 Sep-08 Nov-08
-
10,000.00
20,000.00
30,000.00
40,000.00
50,000.00
60,000.00
70,000.00
80,000.00
Series2 Series4 Series1 Series3
Absa AgriBusiness
Summery – every thing is market driven
Absa AgriBusiness
Thank you for the opportunity to share some ideas
Contact details
E JanovskyTel (011) 350 6102
Email [email protected]
Disclaimer: Although everything has been done to ensure the accuracy of the information, the Bank takes no responsibility for actions or losses that might occur due to the usage of this information.
