n Farmer’s Weekly - Record high for SA wheat price : market analysis
|Article Title||Record high for SA wheat price : market analysis|
|© Publisher:||Caxton Magazines|
|Publication Date||Nov 2015|
|Pages||46 - 48|
The wheat price reached a 20-year record high of R4 544/t on 16 November, despite the global wheat price declining from US$220/t to US$208/t since August. If the price falls to US$10/t below the base price of US$222/t for three consecutive weeks, a further increase in the local tariff can be expected. The weak rand, the possibility of a further tariff increase and a smaller crop due to drought in the Swartland region, have resulted in the domestic wheat price enjoying strong support.
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