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Local Oilseed Prices Feeling The Effects Of A Falling Rand
Farmer's Weekly
|March 1, 2019
South Africa’s weakening exchange rate, and other factors affecting the world supply and demand for oilseeds, will continue to support domestic oilseed prices.
South Africa is a major importer of vegetable oils and oilcake. As a result, local producer prices of sunflower seed and soya bean will continue to feel the effects of global developments in the oilseed sector. Factors affecting the exchange rate will also have a significant impact on local producer prices.
EXCHANGE RATE
The value of global trade in agricultural commodities is significantly affected by the exchange rate of the trading country’s currencies (
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