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Sales for Agricultural Machinery Still On the Rise

22 July 2011

SOUTH AFRICA - The agricultural machinery market remains positive, with sales still climbing.

According to Farmer's Weekly, Lane Reynolds, South African Agricultural Machinery Association (SAAMA) chair, attributed this market optimism to factors such as good commodity prices, particularly for maize, competitive equipment prices due to the strong rand, and easier and quicker credit extension through banks when compared with last year.

SAAMA's latest monthly report shows that June 2011 was the eighth consecutive month that month-on-month new tractor and combine harvester sales in South Africa were higher than the previous year. June 2011 tractor sales of 625 units were up 65.8 per cent from the 377 units sold last June, while June 2011 combine harvester sales of 21 units were up 31.3 per cent from the 16 units sold last June.

SAAMA added that on a year-to-date basis, tractor sales of 3 068 units were 28.8 per cent up on the 2,382 units sold in the first six months of 2010. Year-to-date combine harvester sales of 145 were also up, by 11.5 per cent, from the 130 units sold in the first six months of last year

TheCropSite News Desk

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