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Fuel price increases expected in August

Fuel prices are expected to rise in August. According to the latest information from the Department of Energy announced this morning, it could be expected that the price of gasoline 93 (ULP & LRP) in Gauteng could increase by 12,9 cents per liter on Wednesday, 2 August 2017 and the price of diesel with a 0.005% sulphur content by 26,6 cents per liter, says independent economist Fanie Brink.

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Even lower fuel price expected in July

Fuel prices are expected to decline even further in July. According to the latest information from the Department of Energy announced this morning, the price of gasoline 93 (ULP & LRP) in Gauteng can decrease on Wednesday, 5 July 2017 by 67,6 cents per liter and the price of diesel with a 0.005% sulphur content by 60,7 cents per liter, says independent economist Fanie Brink.

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Lower fuel price expected in June

Fuel prices are expected to decline in June. According to the latest information from the Department of Energy announced this morning, the price of gasoline 93 (ULP & LRP) in Gauteng can decrease on Wednesday, 7 June 2017 by 24,4 cents per liter and the price of diesel with a 0.005% sulphur content by 19,2 cents per liter, says independent economist Fanie Brink.

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Improvement in feed costs to lead to more favourable feed: milk price ratio

The latest Crop Estimate Committee report (CEC) showed that a total of 14.5 million tons of maize is likely to be produced in 2017. The estimated maize crop is 87% higher than the crop in 2016. As a result, maize prices have declined. This bodes well with the feed intensive industries as it suggests a decline in the cost of feed from the high levels seen during the past season. Lower grain prices have resulted in an improvement in the milk: feed price ratio. Ultimately, the decline in the grain prices as well as possible increases in the producer prices will support improved milk: feed price ratio, thereby increasing the profitability of milk production.

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