Steep jump in petrol price from Wednesday

Cape Town – The price of petrol will increase by 67c a litre from next Wednesday, while the price of diesel will be 44c a litre more, the Department of Energy said on Sunday. Energy Minister Mamoloko Kubayi said the rand/US dollar exchange rate and the prices of petroleum products in the international markets are the main contributing factors for the September price hike. “The Rand depreciated, on average, against the US dollar during the period under review.” In addition, there was an increase in the crude oil prices coupled with a weaker rand, massive floods caused by the storm […]

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Largest white maize shipment from Mexico arrives

Yesterday saw the arrival in South Africa of the largest shipment of white maize for the season from Mexico, report online sources. “We have received 56 019 tonnes of white maize from Mexico, the largest shipment for the 2016/17 marketing season so far,” said Agricultural Business Chamber senior agricultural economist Wandile Sihlobo, quoted by Bloomberg. “The shipment would go a long way to helping South Africa meet its demand for white maize,” he said. The marketing season started at the beginning of April this year and will end on April 30 next year, according to the online news provider. White […]

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Reassurance over maize import logistics

Will the massive volume of maize imports expected this year lead to a complete logistics disaster, as much of the private sector freight industry fears, or will it be plain sailing, as Transnet predicts? Certainly, if the total maize required is the six million tonnes figure that has been doing the rounds, and most of it enters SA through Durban (which most freight experts still expect), then the pressures on the port’s grain handling facilities and outbound transport links will be pretty high. Mitchell Brooke, logistics development manager of the Citrus Growers’ Association (CGA), was the first to express his […]

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Summer grains (maize, sunflower and soya beans) are in a critical stage.

A group of Executives and Grain SA staff members took an aerial survey of the North West Free State and the North West Province early this morning. “The summer grains (maize, sunflower and soya beans) are in a critical stage and the next fourteen days will determine the fate of South African food prices over the next 12 months,” Jannie de Villiers, CEO of Grain SA, said today. The extreme heat and dry conditions caused the crop to deteriorate much faster than expected. “We have seen large areas where the damage is already irreversible,” De Villiers reported. We have seen […]

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