"The lack of rain has now reached critical proportions and this is going to have very serious repercussions on the industry, in particular, and the country, in general, unless good, general rains fall in the summer cropping areas within the next week or two. Farmers are running out of options with regard to being able to plant their crops, or to change to shorter-season crops such as sunflowers or soya beans.
"This means that the area which will be planted to maize, SA's largest grain crop, will surely be reduced significantly. This will have a negative knock-on effect on the agricultural machinery industry and, in turn, food availability," the industry body said.
Given the 30% drop in the maize harvest compared with last year, the industry expectation is now that the 2015 tractor market will be 15% down on 2014. Sales in the first 10 months of 2015 were down 10.5% y/y.
Source: BDpro
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
