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PANNAR sonneblombasters is bekend vir stabiele
prestasie en goeie risikobestuur. Die pakket sluit ’n
volledige reeks basters in met die CLEARFIELD
®
geen
asook basters met die CLEARFIELD
®
-PLUS geen.
Boere kan met groot gemoedsrus en vertroue
PANNAR se sonneblomreeks aanplant met die wete
dat die beste tegnologie in hierdie basters opgesluit lê.
®CLEARFIELD
®
en CLEARFIELD
®
-PLUS is die geregistreerde handelsmerke van BASF.
® Geregistreerde handelsmerke van PANNAR BPK, © 2016 PANNAR BPK
2016/SUN/A/11
www.pannar.com infoserve@pannar.co.zaSaam boer ons
vir die toekoms
™
HEILSAAMHEID UIT
DIE SON; RESULTATE
IN JOU SAK.
UITSONDERLIKEPRODUKTE
ENGEWASPAKKETTE
ULTRAMODERNE
NAVORSINGEN
ONTWIKKELINGSTEGNOLOGIE
GEWASVOORSORG
OPTIMALISEER
PRODUKSIE
GEWASBESKERMINGS-
BESTUURSPRAKTYKE
In the 2016/2017 season, global wheat production is being fore-
casted 3% lower than the previous season, at 713 million tons. This
is on the back of the assumption that yields might be reduced in
many parts of the EU, Russia, Ukraine, US, Kazakhstan and China.
Unfavourable weather conditions are the underlying cause behind
low crop production across these aforementioned countries.
Among the leading producers, 2016/2017 wheat production is esti-
mated as follows: The EU production is estimated at 151 million tons
(decrease of 5% year-on-year), Russia’s at 58 million tons (decrease
of 5% year-on-year), Ukraine’s at 22 million tons (decrease of 21%
year-on-year), US’ at 54 million tons (decrease of 4% year-on-year),
Kazakhstan’s at 14 million tons (decrease of 2% year-on-year) and
China’s at 122 million tons (decrease of 6% year-on-year) – Graph 2.
Moreover, the 2016/2017 global wheat consumption is forecasted
at 716 million tons, down by 1% from the previous year due to ex-
pected 7% year-on-year decline in feed use. The global demand
for feed will likely be constrained by competitively-priced alterna-
tives. At the same time, the 2016/2017 global wheat ending-stocks
are estimated at 211 million tons, a decrease of 2% year-on-year, due
to expected decrease in global production (Graph 2). Nonetheless,
this will still be the second largest ending-stocks in the past four
seasons.
Concluding remarks and implications
for South Africa
The global market offers ample wheat supplies and as a result,
international wheat prices could remain under pressure for a pro-
longed period. South Africa, as a net importer of wheat could also
remain under pressure, regardless of the production situation in the
domestic market.
However, the positive side remains that the existing wheat import
tariff – providing a support base for domestic wheat prices – might
remain at higher levels (assuming that global wheat prices remain
under pressure), thus not allowing for the decline in domestic
prices whereby the viability of producing wheat in South Africa
would be questioned.
ON FARM LEVEL
Disclaimer
Everything has been done to ensure the accuracy of this infor-
mation, however Grain SA takes no responsibility for any losses
or damage incurred due to the use of this information.
GRAIN MARKET OVERVIEW
Grain SA/Sasol photo competition