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Agriculture

New location differential "fair"

───   SABRINA DEAN 14:00 Tue, 28 Apr 2015

New location differential "fair" | News Article

Bloemfontein - Grain SA is of the opinion that the new location differential announced by the Johannesburg Stock Exchange is fair.

Economist Wessel Lemmer says the differential for the period May to April 2016 is on average about 4% lower than that of the previous year:
 
'Wessel Lemmer - differential'
 
He says the largest increase was 8% for the Oranje River delivery point while the largest decrease was close to 19% for the Rustenburg Silo.
 
Lemmer says Grain SA will meanwhile continue to give inputs into the annual calculation and determination of the differential while at the same time pursuing options to improve transparency in the cash market:
 
'Wessel Lemmer - cash market'
 
 
Sabrina Dean/OFM News 

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