CBC walks away with international Craft Beer Awards

South African craft beer producer Cape Brewing Company (CBC) recently walked away with four medals from the Meiningers International Craft Beer Awards. The awards were announced in Neustadt, Germany in April. CBC was awarded top honors with a platinum medal for their Cape of Good Hope Imperial IPA,...

28 Apr 2016

SA 2015 maize output forecast edges up 0.80% to 9.84-million tons

SA's maize output is expected to be 9.84-million tons in 2015‚ up 0.80% from last month's estimate‚ the crop estimates committee said in its fourth production estimate report for this year. The white maize output estimate rose 1.57% 4.73-million tons and the yellow variety edged up 0.09% to...

27 May 2015

Maize futures end higher ahead of crop report

SA's maize futures ended higher on Monday as traders awaited the monthly report on the status of the country's maize crop. The Crop Estimates Committee will on Tuesday release the fourth production forecast of summer crops for this year. Last month‚ the estimate for maize output was...

26 May 2015

Tongaat FY headline earnings down 14.6% to R945m

Tongaat Hulett (TON) has recorded a 14.6% drop in full-year headline earnings to R945m‚ affected by a reduction in sugar volumes and lower prices. The sugar producer said on Monday that total sugar output in the year to March slipped to 1.314-million tons from 1.424-million tons‚ affected by dry...

25 May 2015

Maize futures firmer on strong demand

South African maize futures closed the Monday session firmer due to "very good" local demand from traders. "The prices are firmer despite softer Chicago Board of Trade prices. There is very good local demand for white maize‚ pushing prices higher. White maize prices are also at good levels for...

19 May 2015

Astral H1 diluted HEPS jump 159% to R9.99

Astral Foods (ARL) has realised a 159% spike in half-year headline earnings per share to R9.99 as profits in its poultry segment normalised after a difficult few years. The poultry producer said on Monday that increased broiler sales volumes also boosted the results for the six months to...

18 May 2015

Maize futures fall as rand strengthens

South African maize futures moved lower on Wednesday as the rand strengthened against the dollar. Rand strength is not supportive of domestic commodity prices. Maize prices also dropped following a US Department of Agriculture report (USDA). The crop progress report for May 11 2015 showed...

13 May 2015

Maize futures sharply higher as harvest concerns weigh

South African maize futures were sharply higher on Monday as harvest concerns caused worry in the market. SA is expecting the worst maize crop in eight years with the harvest seen falling by 32%. At the close of market‚ the white maize contract due for delivery in July 2015 was limits up to...

11 May 2015

Grain futures mostly higher in low-volume trade

South African grain futures were mostly higher on Wednesday but trading volumes remained thin. "It was a quiet day‚ the volumes were low. The markets are waiting for fresh harvest news to come through. Traders are watching the yields closely to see if they are less or more than the market...

7 May 2015

Rhodes Food Group sees rise in interim earnings

Recently listed food producer Rhodes (RFG) on Tuesday said it expected to see its headline earnings per share (HEPS) increase by between 5% and 60% in the six months to end March 2015‚ from HEPS of 16.9c in the year-earlier period. Rhodes listed on the JSE in October last year. It produces...

5 May 2015

Grain futures mixed pending US crop report

South African grain futures were mixed on Monday ahead of the release of a US crop report. The US Department of Agriculture will release a crop progress report later in the evening. A number of private reports have suggested that US farmers will shift a smaller than expected area from maize into...

5 May 2015

SA maize output estimate for 2015 edges up 1% to 9.762m tons

SA's maize output is expected to be 9.762-million tons (mt) this year‚ up 1% from last month's estimate‚ the crop estimates committee said in its third production estimate report for this year. The white maize forecast was up 0.4% to 4.658-million tons‚ with yellow maize increasing by 1.5% to...

30 Apr 2015

Grain futures lower as rand strengthens

Domestic grain prices were lower on Tuesday as the rand firmed against the dollar. South African grains are more attractive to foreign buyers when the rand is weaker‚ as it becomes cheaper for them to buy the commodity. At the close of market‚ the white maize contract due for delivery in July...

29 Apr 2015

Grain futures mostly higher as weak rand environment persists

South African grain futures were mostly higher on Friday as the weaker rand continued to support local commodity prices. At the close of market‚ the white maize contract due for delivery in July 2015 was down R3.80 to R2‚602.20 a ton and the September 2015 contract had climbed R3.40 to R2‚643.40...

28 Apr 2015

Grain futures higher as rand weakens

South African grain prices were higher on Thursday‚ encouraged by the weakening of the local currency against the dollar. Grain SA analyst Wandile Sihlobo said the rand had weakened by 1.1% against the greenback. "The weakening of the rand supports local commodity prices. In the short to...

24 Apr 2015

Grain futures weaker on slightly stronger rand

South African grain prices were lower on Wednesday as the rand recovered some lost ground against the dollar. Trade volumes remained low ahead of the summer crops harvest. The rand was trading at R12.0817 at 12.06pm from Tuesday's close of R12.1213. At the close of market on Wednesday‚ the...

23 Apr 2015

Grain futures little changed ahead of summer harvest

South African grain prices were little changed on Monday morning despite the slightly weaker local currency. Trade volumes remained low ahead of the summer crops harvest. At the close of market on Monday, the white maize contract due for delivery in July 2015 was up R5 to R2,594 a ton and the...

21 Apr 2015

Grains close softer due to lower CBoT prices

"We see the lowest trade volumes in April of all the months and this causes the market to move easily in any direction. The seasonal trend now is low volumes. In May there is a spike in volumes traded again‚ just before the maize harvest season starts‚" a local trader said. The white maize...

16 Apr 2015

Grains close softer on firmer rand and lower CBoT prices

South African grain futures closed softer on Tuesday due to a slightly firmer rand during the trading session and softer Chicago Board of Trade (CBoT) prices. "The rand was slightly firmer than yesterday and corn prices in the US also declined. Chicago corn prices were 6c lower overnight and also...

15 Apr 2015

Maize closes firmer on weaker rand

South African maize futures closed higher on Monday due to the weaker rand‚ which lost ground against a firmer dollar. "Maize closed firmer today on the softer local currency. Speculation that the quality of the maize crop may be lower than expected‚ due to unfavourable rainfall patterns in the...

13 Apr 2015

Zeder FY HEPS down 17% to 22c

Agricultural group Zeder (ZED) on Wednesday reported headline earnings (HEPS) dropped 17% to 22c from 26.6c in the year to end February. The decrease in HEPS was largely due to an increase in the non-recurring performance fee payable following Zeder's strong share price growth and the increased...

13 Apr 2015

Local grains weaken as rand firms

South African grain futures edged slightly lower as the rand strengthened against the dollar. At 12.20pm the rand was trading at R11.7883 to the greenback from a Tuesday close of R11.8862. The white maize contract due for delivery in July 2015 was down R12.20 to R2‚550.80 a ton and the...

13 Apr 2015

SA 2014 maize crop finalised at 14.25-million tons

SA has finalised the 2014 maize crop at 14.25-million tons‚ the Crop Estimates Committee said on Friday. The final maize crop is 0.4% less than the last September forecast but is nevertheless the biggest harvest since 1981 when yields were at 14.65-million tons. The committee said sunflowers...

16 Feb 2015

Maize ends firmer on higher CBoT prices and softer rand

South African maize futures closed the Tuesday session higher due to firmer Chicago Board of Trade (CBoT) figures and a softer rand. Wheat‚ however‚ ended lower due to a fall in CBoT prices and ample world wheat stock‚ a trader said. The March 2015 contract gained R29 to R2‚028 a ton and the...

14 Jan 2015

Tractor sales dip 2.5% in 2014 to 6,464 units - Saama

Tractor sales fell by 2.5% in 2014 to 6‚464 units‚ according to the South African Agricultural Machinery Association (Saama). Although SA had the largest maize harvest in the 2013-14 season since 1981‚ the industry nevertheless expects 2015 sales to decline by 5% to 10%. At the start of 2014...

14 Jan 2015

Kromco wins the Tru-Cape Packhouse Challenge
Kromco wins the Tru-Cape Packhouse Challenge

The team from Grabouw's Kromco Packhouse won the Tru-Cape Kogelberg Packhouse Challenge held in Pringle Bay on Saturday, 6 September. The 21.1 km packhouse athlete of the year is Siyabonga Blayi of Two-a-Day winning the Bronwyn Manual Trophy. Syandango Pilaya of Kromco wins the Bronwyn Manual...

18 Sep 2014

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