CIF prices and price forecasts for key export commodities
Oranges (USD/ton)
Soft Citrus (USD/ton)
Lemons (USD/ton)
Blue Berries (USD/ton)
Macadamias (USD/ton)
Table Grapes (USD/ton)
552.50 661.00 616.70 560.10
936.30 1 022.80 1 026.00 893.70
805.60 820.60 697.40 642.40
7 932.30 7 045.40 6 786.70 5 203.50
4 489.80 6 171.50 5 400.80 4 221.90
1 622.10 1 601.20 1 923.50 1 931.10
Forecasts
620.00 643.33 675.00
951.79 977.50 998.00
685.44 705.32 720.84
5 280.00 5 385.00 5 660.00
4 560.00 4 650.00 4 795.00
2 110.00 2 220.00 2 360.00
Source: Absa AgriBusiness, 2023
Weeks 10-17 could provide South Africa with a lucrative marketing opportunity
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Locally we also expect weaker consumer demand as high food and fuel costs, combined with higher interest rates, are causing consumers to spend less on luxury, high-priced food items. This, combined with increased volumes coming online, will likely limit the potential for substantial price growth over the next three years, locally.
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