Page 73 - GSA Annual Report / Jaarverslag 2013

Bedryfsdienste
Industry Services
71
25 000
250
6,30
200
7,70
270
6,50
210
8,10
290
27 000
270
7,50
260
9,50
9,70
9,90
350
10,10
360
10,30
7,30
250
9,30
26 000
260
7,10
240
9,10
340
6,90
230
8,90
330
6,70
220
8,50
310
28 000
280
8,30
300
10,50
7,90
280
29 000
290
8,70
320
10,70
370
30 000
300
31 000
310
32 000
320
33 000
330
34 000
340
35 000
350
36 000
360
37 000
370
38 000
380
45 000
44 000
43 000
42 000
41 000
40 000
39 000
390
46 000
400
JSE index/
JSE-indeks
$ per ton (wheat price/
koringprys
)
Rand/$
$ per ton (maize price/
mielieprys
)
Figure 2: THE JSE OVERALL SHARE INDEX AND RAND/DOLLAR EXCHANGE RATE
Figuur 2: DIE JSE ALGEHELE INDEKS EN DIE RAND/DOLLAR-WISSELKOERS
Figure 3: THE F.O.B. PRICE OF USA MAIZE AND WHEAT
Figuur 3: DIE V.A.B.-PRYS VAN VSA MIELIES EN KORING
03-01-2012
03-01-2012
17-01-2012
17-01-2012
31-01-2012
31-01-2012
14-02-2012
14-02-2012
28-02-2012
28-02-2012
13-03-2012
13-03-2012
27-03-2012
27-03-2012
12-04-2012
12-04-2012
26-04-2012
26-04-2012
10-05-2012
10-05-2012
24-05-2012
24-05-2012
07-06-2012
07-06-2012
21-06-2012
21-06-2012
05-07-2012
05-07-2012
19-07-2012
19-07-2012
02-08-2012
02-08-2012
16-08-2012
16-08-2012
30-08-2012
30-08-2012
13-09-2012
13-09-2012
27-09-2012
27-09-2012
11-10-2012
11-10-2012
25-10-2012
25-10-2012
08-11-2012
08-11-2012
22-11-2012
22-11-2012
06-12-2012
06-12-2012
21-12-2012
21-12-2012
08-01-2013
08-01-2013
22-01-2013
22-01-2013
05-02-2013
05-02-2013
19-02-2013
19-02-2013
05-03-2013
05-03-2013
19-03-2013
19-03-2013
02-04-2013
02-04-2013
16-04-2013
16-04-2013
30-04-2013
30-04-2013
14-05-2013
14-05-2013
28-05-2013
28-05-2013
11-06-2013
11-06-2013
25-06-2013
25-06-2013
09-07-2013
09-07-2013
23-07-2013
23-07-2013
06-08-2013
06-08-2013
20-08-2013
20-08-2013
03-09-2013
03-09-2013
17-09-2013
17-09-2013
01-10-2013
01-10-2013
JSE index/ JSE-indeks
USA HRW wheat/VSA HRW-koring
Rand/$
USA maize/VSA mielies
maize compared to a year ago. Due to harvest pressure in the USA and an expected recovery in world
corn stocks, the global prices for maize experienced price pressure during October 2013.
During October 2013, the total South African carry-out for white and yellow maize for the 2013/2014
marketing year aims at 1 126 000 tons compared to 1 417 000 tons in the previous marketing year. The total
surplus above the pipeline was 14 000 tons compared to 307 000 tons the previous year. Thus, stock levels
were already at a break-even level after six months into the marketing year and therefore South African
maize prices did not follow the decline in global corn prices. White maize traded at a premium of more than
R200 per ton due to a deficit above the pipeline of 154 000 tons, while yellow maize experienced a surplus
of 168 000 tons. Maize exports to Zimbabwe supported the domestic prices in South Africa.
White maize traded
at a premium of more
than R200 per ton
due to a deficit above
the pipeline of
154 000 tons.