Friday 10 January 2014

The rand, rain, tractors

The South African Agricultural Machinery Association (SAAMA) represents companies supplying ... well ... agricultural machinery. Find the chapter "Tractors, combines and balers" in The Agri Handbook here.

SAAMA puts out a monthly statement on tractor and combine harvester sales, along with a short commentary.

Late rains [and no rain] in the west of the country has affected the planting of maize there. The South African rand (ZAR) has been weak of late (which will push up prices of machinery). This leads to an early forecast that tractor sales in 2014 will be lower than in 2013. Positive factors remain commodity prices (which are solid) and the "relatively low grain stocks in the country".

Find the report for December 2013 at http://www.saama.co.za/saama/saamstat.htm



2 comments:

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