The revenue of the canned fruit and vegetable market in the U.S. amounted to $27B in 2018, increasing by 1.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price).
The International Grains Council (IGC) on Thursday cut its forecast for world corn production in the 2019/2020 season, driven by a diminished outlook for the U.S. crop.
A South African dragon fruit venture that is introducing new varieties into the country is rapidly building momentum and excitement.
The domestic maize market experienced large price movements this week, the domestic wheat, wool and cotton markets experienced positive price movements, while soya bean prices are expected to spike in June.
It was expected that prices would increase for month end, this proved true for tomatoes (6.3% price increase w/w), onions (0.9% increase
w/w) and cabbage (1.5% increase w/w) whilst w/w price declines were experienced by potatoes (3.2%) and carrots (3.3%).
The local maize, soya bean, winter cereals, sunflower seed prices increased last week. The local peanut production for the season does not look good as the plantings could not take place optimally.
