The tropical Pacific Ocean is in a neutral state and outlooks suggest little chance of indicators returning to El Nino levels, Australia’s Bureau of Meteorology said on its website on Tuesday. That means mid-May marks the end of the event that reduced Indian rainfall, parched farmland in Asia and curbed cocoa production in parts of…Details
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On the 32nd wool auction of the 2015/2016 season, the Cape Wools merino wool market indicator increased by 6.5% to close on 16306c per kg clean. This is approximately 16.47% higher than a year ago. Average clean wool price indicators for good quality long fleece wool (MF4/MF5) with a tenstile strength of 35 (NKT)…Details
Farmers that are already struggling financially due to the impact of the drought, could face further losses as the risk of veld fires increases due to the dry winter period. Dawie Maree, head of information and marketing at FNB Business Agriculture, says given the current situation in the agricultural sector, veld fires have the potential…Details