Local Commoity Prices Te table below sows average commoity prices as capture by te ZNFU regional offices an 4455 Price information system: Excange rate :USD 1= K 5.64: Prices as at 14t,2014/ per metric ton Mbala Mansa Lusaka Mazabuka Seseke Coma Kabwe Mkusi Nola/Kitwe K USD K USD K USD K USD K USD K USD K USD K USD K USD Wite Maize 1300 230 1350 239 1800 319.1 1750 310.3 1300 230 1500 270 1500 265.96 1600 283.7 1560 276.6 Weat 0 0 2200 390.1 0 Soybeans 2200 390 0 2600 461 2500 443.26 Import Parity Prices Domestic Import Parity Prices as at 14/02/14 US$/ZAR=11.08 US$/ZMK=5.64 Parity Prices U$/ZMK Maize Soya Weat Lusaka 5.64 477 793.48 533.18 Town ZMK $ $/MT $/MT $/MT Cipata 275 48.75887 525.7589 842.2389 581.9389 Mkusi 225 39.89362 516.8936 833.3736 573.0736 Nola 250 44.32624 521.3262 837.8062 577.5062 Kitwe 250 44.32624 521.3262 837.8062 577.5062 Excange Rates Te following are excange rates complie from selecte Zambian Banks; 14/02/2014 07/02/2014 CURRENCY US Dolllar RAND GB Poun US Dolllar RAND GB Poun Buying Selling Buying Selling Buying Selling Buying Selling Buying Selling Buying Selling First National Bank 5.638 5.752 0.512 0.527 9.385 9.575 5.549 5.661 0.503 0.518 9.063 9.247 (FNB) Stanar Cartere Bank 5.636 5.748 0.5121 0.5223 9.3828 9.5693 5.5525 5.6625 0.5034 0.5133 9.0695 9.2491 ZANACO 5.6337 5.7463 0.5093 0.5223 9.3335 9.5727 5.5495 5.6605 0.5003 0.5131 9.0154 9.2465 Bank of Zambia(Inter- Bank @ 12:30 Hrs ) 5.6889 5.6989 5.5961 5.6061
US$/MT ZMW/50KG Commoity Higligts FERTILIZER Te grap below sows fertiliser prices for selecte istricts as capture by ZNFU regional offices. 240 230 220 210 200 190 180 Zambia Average Fertilizer Prices Mbala Mansa Mazabuka Nola Seseke Coma Kabwe Mkusi D-compoun 215 235 205 229.29 225 212.5 208 225 Urea 215 215 203 229.29 225 215 213 205 WHEAT Higligts Te International Grains Council forecast te global weat area for arvest in 2014 at 224.2Million ectares, 5.5Million ectares or 2.5% more tan te 2013 arvest. Te USDA in its ruary Worl supply an eman report estimates worl prouction at 711.9 million metric tonnes compare to te 712.7 million metric tonnes projecte in uary 2014. Australian local weat eman sowe uring te past week as rancers were force to fee starving cattle in rougt stricken areas wit weat iverting te grain away from export markets. Weat prices ave alreay sot up in Australia's rougt-it areas an te premium over global prices is aroun tree times te normal level pai. Te Cicago weat futures price for elivery in marc was pegge at US$220/MT on Friay(14 t.) morning. On te local market, weat prices remain range boun traing between ZMW2.0-2.4/Kg. Price trens Te Safex soft re an ar re average weat prices for tis week were settle at US$253.66 an US$287.46/MT respectively compare to te US$246.36/MT /MT an US$276.36/MT recore last week. 350 330 310 290 270 250 2n 3r 4t 7t 8t Weat (US No 1 ar Re) Price Comparisons 2013&2014 9t 10t 13t 14t 15t 16t 17t 20t 21st 22n 23r 24t 27t 28t 29t 30t 31st 3r 4t 5t 6t 07t 10t 11t 12t 13t 2014 280 277 281 282 282 279 280 275 273 277 273 276 274 274 273 275 277 275 274 274 269 269 271 274 283 284 283 284 289 291 290 2013 335 331 331 329 330 330 327 326 330 336 341 343 341 343 335 334 335 338 339 338 342 341 333 330 331 327 327 323 319 321 307
US$/MT US$/MT 340 320 300 280 260 240 220 2n 3r 4t Weat (US No 2 Soft Re) Price Comparisons 2013&2014 7t 8t 9t 10t 13t 14t 15t 16t 22n 17t 20t 21st 23r 24t 27t 28t 29t 30t 31st 3r 4t 5t 6t 07t 10t 11t 12t 13t 2014 261 258 260 260 259 254 251 245 247 248 243 246 241 241 241 240 243 242 241 244 238 239 240 245 253 254 252 251 253 257 255 2013 313 306 307 303 306 304 301 301 303 306 312 314 312 316 312 310 309 313 314 313 315 314 307 306 308 307 307 302 298 300 297 Source :Safex SOYA BEANS Higligts Sout American Soybean prouction may be as 5 million metric tons less tan previously expecte because of amage from ot, ry weater in Brazil an Argentina. Accoring to Oil Worl, Prouction on te continent may be 3 million to 5 million tons less. Soybeans prices in Zimbabwe were quote between US$575-600/MT. Soy meal prices were pegge in te range of US$700-775/MT, tis is accoring to te Zimbabwe CFU newsletter for te week ening 7 t. On Friay te 14 t ruary morning, soybeans for Marc 2014 elivery on CME settle at US$496/MT. On te omestic market Soybeans prices tis week average ZMW 2.37/KG compare to te ZMW 2.4 /kg recore last weeks,tis is as capture by te ZNFU4455 price information system. Price trens Te average price of US No. 2 yellow soya beans on Safex tis week overe aroun US$521.72/MT consierably iger tan te US$511.43/MT recore last week. 600 580 Soya Beans Price Comparisons 2013&2014 560 540 520 500 Source: safex 2n 3r 4t 7t 8t 9t 10t 13t 14t 15t 16t 17t 20t 21st 22n 23r 24t 27t 28t 29t 30t 31st 3r 4t 5t 6t 07t 10t 11t 12t 13t 2014 520 510 511 514 514 515 515 517 523 528 532 529 530 530 517 517 510 513 513 512 506 509 509 507 515 517 520 523 520 525 521 2013 562 556 555 550 551 549 549 547 547 562 559 565 562 562 569 564 564 568 573 573 578 571 575 578 575 576 563 556 552 551 550
US$/MT ZMW/25KG Maize Higligts Over 800 ectares of maize an 300 ectares of pasture ave been estroye by armyworm in Zimbabwe.Accoring to te CFU CALLING, te cief executive of te Plant Protection Researc Institute in Zimbabwe reveale tat te situation is expecte to worsen as te current wet spell continue. Te outbreak is almost in every province of te country. Te European Union is set to approve a new type of genetically moifie maize for cultivation espite uge opposition from some member countries. In a vote on Tuesay11 t,european affairs ministers allowe for te cultivation of te GMO maize variety TC1507 from te US firm DuPont Pioneer. Only one GM crop - anoter maize variety - is grown in te EU currently. Brazil's government as reuce by 4.6% its maize prouction estimates for 2013/2014 to 75.47 million tonnes, own from 78.97million tonnes forecast last mont. Accoring to CONAB te governments crop supply agency,te reuction was a result of Conab calculating, for te first time tis crop season, an estimate for te secon maize crop, wic is plante in some areas after soybeans are arveste. Te Cicago maize futures price for elivery in marc settle at US$ 173/MT on Friay(14 t.) morning. On te local market, commercial maize prices remain robust.most millers are now purcasing maize from FRA but are still open to private /farmers eliveries. An average maize price of K1.5/KG was recore for week ening 14. wit te igest maize price for te week pegge at ZMW1.8/KG, tis is as capture by te ZNFU price information system. Te grap below sows Mealie meal prices for selecte istricts as capture by ZNFU regional offices. 100 80 60 40 20 0 Zambia Mealie Meal Prices Mbala Lusaka Mansa Mazabuk a Nola Seseke Coma Kabwe Mkusi Breakfast meal prices 65 68 67.415 65 78.5 68.5 69 70.5 76.67 Roller Maize meal 52.5 44 46.9975 45 58 51.5 45 51 64.33 Price trens Prices for US No. 2 Yellow maize as compile from Safex tis week settle at US$204.62/MT sligtly iger tan last week s average of US$ 204.27 /MT. 350 Maize Price Comparison 2013 &2014 300 250 200 150 10t 2n 3r 6t 7t 8t 9t 13t 14t 15t 16t 17t 20t 21s t 22n 23r 24t 27t 28t Ja n 29t 30t 31s 3r 4t 5t 6t t 2014 195 196 197 198 198 193 191 200 200 199 195 197 196 196 196 197 200 200 201 202 200 203 203 203 205 205 205 206 205 204 204 2013 297 296 296 292 295 295 297 298 301 307 310 310 307 307 308 303 305 304 308 309 313 313 312 310 307 304 303 301 298 299 299 07t 10t 11t 12t 13t
Source: safex COTTON Higligts Te Brazilian government as agree to increase te minimum price for cotton lint, following lobbying from te proucers association, ABRAPA. Te revise price is R$54.00 per arroba of 15 kilos (rougly 68.00 US cents per lb), exfarm. Te previous R$44.60 per arroba a not been revise since 2003. Te USDA its latest WASDE report release on 10 t ruary cut its 2013/14 global cotton prouction estimate to 116.67 million bales, a bigger ecline tan expectations of 117.77 million bales. Te USDA also cut its 2013/14 global ening stocks estimate to 96.47 million bales, a bigger ecline tan expectations of 97.26 million bales. Cina's Cotton Association preicts 2014 Cina cotton prouction will fall 5%-10% as cotton planting rops 9% tis year to 9.9 million acres after farmers cut cotton plantings in favour of more profitable crops. May cotton futures on ICE traer lower in te past week wit prices itting intraay low at 87.35 cents per lb on Tursay 13 t. cotton future for elivery in may overe aroun 88.17 cents per lb on Friay 14 t. morning. Source: cme BEEF Higligts Te U.S. Department of Agriculture announce on Saturay(8 t.) tat Petaluma-base Ranco Feeing Corp, a beef processing plant base in California was recalling more tan 8.7 million pouns of beef proucts tat it processe from. 1, 2013 troug. 7, 2014 because te facility processe isease an unealty animals witout a full feeral inspection. Te proucts wic inclue beef carcasses, oxtail, liver, ceeks, tripe, tongue an veal bones were sippe to istribution centres an retail stores in California, Floria, Illinois an Texas. Te Danis government is examining a proposal to remove VAT on organic proucts incluing meat. On te omestic market, prices for stanar beef were in te range of K12-20/kg, tis is as capture by te ZNFU 4455 price information system.
Source: CME Group CRUDE OIL Higligts Worl oil eman soul grow at a sligtly faster rate tan previously expecte in 2014. Accoring to OPEC growt of 1.09 million barrels a ay, up from a previous estimate of 1.05 million barrels per ay are expecte in 2014. Nymex crue prices fell on Tursay(13 t ) after U.S. Energy Information Aministration sai in its weekly inventory report tat U.S. crue oil inventories rose by 3.3 million barrels in te week ene. 7 compare to expectations for an increase of 2.7 million barrels. On te New York Mercantile Excange, West Texas Intermeiate crue for elivery in Marc trae at USD100.20 a barrel uring Asian traing, own 0.19%. Source :Oil price