March tractor sales of 677 units were almost 6% more than the 641 units sold in March last year. On a year-todate basis tractor sales are now approximately 3% down on last year.
Thirty-nine combine harvesters were sold in March, four units less than the 43 units sold in March last year. On a year-to-date basis combine harvester sales are now 42% more than last year.
Harvesting, particularly of soya beans, has just begun and farmers will soon have a better idea of what their crop yields are.
Farmers will therefore remain cautious until they have a better idea of their crop yields. Negatives on the horizon are the latest interest rate increase and the current weakness of the rand.
Nevertheless, expectations are that tractor sales, although they will be lower than in 2022, should still be of the order of those of 2021, that is between 7 500 and 8 000 units.
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