Industry body Grain SA estimates that almost R700-million in value could be at stake as a result of the JSE’s decision on how soybean location differentials are calculated.
“This raises serious questions about who ultimately carries the cost of an inefficient system,” the organisation states.
Grain SA is concerned that the JSE's final decision [to revert to a single reference point] does not provide sufficient and transparent, criterion-by-criterion reasoning against the agreed evaluation framework.
The organisation believes a decision with such significant potential consequences for producers and the broader value chain requires full transparency and proper scrutiny.
Grain SA launched an interdict application challenging the JSE’s decision when it was made in July, however, the JSE has opposed the interdict.
