For both investors and everyday consumers, staying informed about the prices of essential commodities is crucial. In South Africa, like many other countries, the fluctuation of commodity prices can significantly impact both individual households and the broader economy. In this blog post, we’ll delve into the current prices of various basic commodities across South African markets. From staple foods to beverages and household items, we’ve compiled a comprehensive list to keep you updated.
Prices of Basic Food Commodities in South African Markets
Prices of Beans
- Drum beans (50kg bag) in Johannesburg: ZAR 800 – ZAR 1,000
- White beans (50kg bag) in Pretoria: ZAR 600 – ZAR 800
- Oloyin (honey) beans (50kg bag) in Cape Town: ZAR 1,200 – ZAR 1,500
Prices of Groundnut
- 50kg bag of groundnuts in Durban: ZAR 1,200
- Groundnut (100kg) in Port Elizabeth: ZAR 1,500
- Groundnut (100kg) in Bloemfontein: ZAR 1,000
Prices of Maize
- Maize (100kg) in Johannesburg: ZAR 800
- Maize (100kg) in Pretoria: ZAR 700
- Maize (100kg) in Cape Town: ZAR 850
Prices of Palm Oil
- Palm Oil (25L) in Durban: ZAR 800 – ZAR 1,200
- Palm Oil (25L) in Port Elizabeth: ZAR 850 – ZAR 1,300
- Palm Oil (25L) in Bloemfontein: ZAR 750 – ZAR 1,100
Prices of Rice
- Rice (50kg bag) in Johannesburg: ZAR 1,000 – ZAR 1,300
- Rice (50kg bag) in Pretoria: ZAR 1,100 – ZAR 1,500
- Rice (50kg bag) in Cape Town: ZAR 1,200 – ZAR 1,600
Prices of Tomatoes
- Tomatoes (40kg) in Durban: ZAR 600
- Tomatoes (40kg) in Port Elizabeth: ZAR 700
- Tomatoes (40kg) in Bloemfontein: ZAR 750
Prices of Soya Beans
- Soya Beans (100kg) in Johannesburg: ZAR 900
- Soya Beans (100kg) in Pretoria: ZAR 800
- Soya Beans (100kg) in Cape Town: ZAR 1,000
Prices of Onions
- Onions (100kg) in Durban: ZAR 1,200
- Onions (100kg) in Port Elizabeth: ZAR 1,400
- Onions (100kg) in Bloemfontein: ZAR 1,300
Prices of Sorghum
- Sorghum (100kg) in Johannesburg: ZAR 1,000
- Sorghum (100kg) in Pretoria: ZAR 1,100
- Sorghum (100kg) in Cape Town: ZAR 1,200
Conclusion
Staying abreast of the current prices of basic commodities is essential for both consumers and investors in South Africa. These prices, which may vary across different regions of the country, play a significant role in household budgeting and overall market trends. By keeping a tab on these prices, individuals can make informed decisions about their purchases and investments, contributing to financial stability and economic growth.
FAQ
-
Why do commodity prices vary across different regions of South Africa?
- Commodity prices can be influenced by factors such as transportation costs, supply and demand dynamics, local production levels, and market competition, leading to variations in prices across different regions.
-
How often do commodity prices change?
- Commodity prices can fluctuate regularly due to factors such as weather conditions, geopolitical events, currency fluctuations, and changes in global demand. It’s advisable to stay updated with the latest market trends for informed decision-making