Agri Hour 13 October Wandile Sihlobo
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As usual on the Agri Hour, brought to you by John Deere, Wandile Sihlobo, Chief Economist at the Agricultural Business Chamber of South Africa, Agbiz, provides a weekly insert about the latest on the global as well as South African agricultural markets. He also provides more information about the latest developments in the agricultural sector.
He says in twee weeks time the Crop Estimates Committee (CEC) is expected to release data on South African farmers’ intentions to plant summer crops for the 2020/21 season. The available data such as tractor sales, weather outlook, and commodity prices, which could be read as ‘leading indicators’, suggests this could be yet another good season for South Africa’s agricultural sector. The focus on 28 October 2020, which is a day when the data will be released, will mainly be on maize, sunflower seed, soybeans, groundnuts, sorghum and dry beans, which are all major summer grains and oilseeds.
He says in twee weeks time the Crop Estimates Committee (CEC) is expected to release data on South African farmers’ intentions to plant summer crops for the 2020/21 season. The available data such as tractor sales, weather outlook, and commodity prices, which could be read as ‘leading indicators’, suggests this could be yet another good season for South Africa’s agricultural sector. The focus on 28 October 2020, which is a day when the data will be released, will mainly be on maize, sunflower seed, soybeans, groundnuts, sorghum and dry beans, which are all major summer grains and oilseeds.
