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  • January 14, 2021
  • Dingani Daka
  • 1 Comment
  • Commodities by Briefcase Trader

Commodities Report – Wheat supply and demand remains unchanged

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PRICE DRIVERS
Maize
• Maize opened at between ZMW 3,470 and ZMW 3,600 a tonne.
• The gate prices for maize aren’t indicative of the actual prices that maize processors are paying.
• Most small-scale traders can negotiate higher prices at delivery.
• Some buyers have indicated that they plan on raising the prices by the end of the week.
• If no agreement with the Food Reserve Agency is arrived at before the end of the year, we
anticipate that maize will trade at ZMW 3,800 a tonne.
Recommendation – Farmer: sell | Trader: sell | Miller: buy
Soya Beans
• The demand and supply dynamics of soya beans are unchanged.
• There is very little soya beans, and some crush plants and soya bean processors will have to
moth-ball their plants
• This season, a weakening Zambian kwacha resulted in higher small-scale soya bean prices. That
being so, we anticipate that the area planted of soya beans will increase and production will
exceed 300,000 tonnes next season.
Recommendation – Trader: hold | Crusher: buy
Soya Meal
• Spot soya meal price is at USD 500 a tonne
• There is very little uncommitted soya meal on the market and the price could rise further in
January when we expect it to peak.
Recommendation – Trader: hold | Crusher: hold | Consumer (user of soya meal): buy
Wheat
• Wheat supply and demand remains unchanged
• Between 50,000 and 100,000 tonnes of wheat will imported between January and July of 2021.
Recommendation – Farmer: hold | Trader: buy | Miller: buy

Prev PostCommodities Report – Producers of texturised soya beans paying the most for the crop
Next PostCommodities – Wheat prices likely to have a 15 to 20 percent rise to import parity over the coming weeks
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  • Commodities – Wheat prices likely to have a 15 to 20 percent rise to import parity over the coming weeks January 14, 2021
  • Commodities Report – Producers of texturised soya beans paying the most for the crop January 14, 2021
One Comment
  1. Reply
    Joseph Nonde May 4, 2021

    need to be sent this information. I,m in the agricultural industry and this information is very useful for me

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