March tractor sales of 601 units were almost 30% more than the 463 units sold in March last year. Year-to-date tractor sales are almost 29% up on last year. In March there were 27 combine harvester sales, one more than the 26 units sold in March last year. On a year-to-date basis combine harvester sales are now 6% down on last year.
Market sentiment continues, as it has been in the past few months, to be positive. Good crops are currently being harvested, although in some areas there are quality problems. Commodity prices, in general, are good and with the good yields this season, production income should be good.
Agricultural machinery sales prospects remain positive for the rest of the year. Estimates for the 2021 calendar year are quite encouraging, with tractor sales likely to be up to 15% higher than in 2020. – Press release, South African Agricultural Machinery Association