Maize hits record high

The Poultry Bulletin - - CONTENTS -

It’s a record break­ing month, good and bad, as drought be­gins to bite

Maize hits record high

In a de­vel­op­ment that looks set to bat­ter a lo­cal econ­omy al­ready reel­ing un­der low growth, a fall­ing Rand, ris­ing in­ter­est rates and a se­vere drought, the price of yel­low maize has reached a record high in South Africa.

For March de­liv­ery, yel­low maize rose 1.3% to touch R3,325 a ton. This price is the high­est since trad­ing started on the SA Fu­tures Ex­change al­most 20 years ago. The coun­try is set to im­port around 900,000 tons of maize next year, the first time in seven years, ac­cord­ing to a NAMC web­site re­port.¡

As­tral posts record re­sults

An in­crease in poul­try and feed vol­umes as well as im­proved poul­try sell­ing prices re­sulted in As­tral post­ing record an­nual fi­nan­cial re­sults, ac­cord­ing to the group’s CEO, Chris Schutte.

As­tral’s op­er­at­ing profit for the year ended 30 Septem­ber 2015 was up by 123,3% to R1,1-bil­lion, with the poul­try divi­sion re­port­ing a 25,5% in­crease in rev­enue to R8,74bil­lion, due to a 12,8% in­crease in broiler vol­umes and an al­most 12% rise in the av­er­age sell­ing price of poul­try dur­ing the year.

How­ever, Schutte warned that cheap EU im­ports, and likely from the USA too, cou­pled with a weak econ­omy and se­vere drought all pose a threat to the fu­ture growth and sus­tain­abil­ity of South Africa’s poul­try in­dus­try.

Mon­santo aids farm se­cu­rity

As part of the com­pany’s on­go­ing com­mit­ment to the SA farm­ing com­mu­nity, Mon­santo SA has com­mit­ted R250,000 to part­ner and sup­port the Agri Se­cu­ri­tas Trust Fund.

“Mon­santo is com­mit­ted to sup­port­ing the ru­ral and agri­cul­tural com­mu­ni­ties in SA,” said Kobus Steenekamp, Man­ag­ing Di­rec­tor Mon­santo SA. “We are proud to col­lab­o­rate with Agri Se­cu­ri­tas in the pro­tec­tion of our farm­ing com­mu­nity which in­cludes farm­ers, farm man­agers and work­ers as well as their fam­i­lies. We hope that our con­tri­bu­tion will aid in the im­prove­ment of farmer se­cu­rity as well as that of ru­ral com­mu­ni­ties in our farm­ing ar­eas.”¡

Be­langhebben­des ver­gader oor droogte

Die be­lan­grik­ste be­langhebben­des in ge­or­gan­iseerde land­bou, ge­or­gan­iseerde agribesigheid,→

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