Grain SA Warns of Major Financial Losses in Soya Bean Pricing Dispute

Grain SA takes JSE to court over soybean pricing dispute

Grain SA has taken its fight with the Johannesburg Stock Exchange (JSE) to court, warning that the decision on soybean pricing could leave farmers and businesses across the agricultural value chain carrying costs. The dispute follows a 13 August protest at the JSE in Sandton against its decision to reject the Multiple Reference Point (MRP) model for soybean futures and revert to the previous pricing methodology. Grain SA argues that the MRP mode…

Grain SA warns of major financial losses in soya bean pricing dispute

Grain SA says a difference of almost R700 million could be at stake due to the JSE’s decision to abandon a pilot pricing model for soya bean location differentials and return to a single reference point. In a press release dated 19 August, the organisation announced that the JSE would oppose its application for an interdict. Grain SA is seeking to prevent implementation of the decision while it challenges the process through which the Multiple R…

Grain SA Raises Concerns Over R600m Variance Impacting Farmers and Consumers

Grain SA says more than R600 million in value could be at stake in the JSE’s decision on how soybean location differentials are calculated raising serious questions about who ultimately carries the cost of an inefficient system. The Johannesburg Stock Exchange (JSE) has decided to oppose Grain SA’s interdict application challenging its decision to discontinue […] The post Grain SA Raises Concerns Over R600m Variance Impacting Farmers and Consume…