n Farmer’s Weekly - Oil price adds to input costs : market analysis
|Article Title||Oil price adds to input costs : market analysis|
|© Publisher:||Caxton Magazines|
|Publication Date||Mar 2016|
|Pages||36 - 38|
Adding to the many factors currently having a direct impact on the input costs of agricultural production, is the price of crude oil. The price is expected to remain bearish in the short term but will pick up in the second quarter of 2016. In addition, the weakening rand will continue to add to this burden. Brent crude oil is expected to trade at US$30/barrel (about R460/barrel) in the first quarter, but will increase to US$43/barrel (R660/barrel) by the end of the year.
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