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Post forecasts that South Africa’s wheat imports for the 2018/19 MY will decline marginally to 1.8 million tons, on an expected increase in local production.
Post forecasts that South Africa will export about 2 million tons of corn in the 2017/18 MY, drawing on a relatively large carry-over stock from the 2016/17 MY.
South Africa announced a new wheat import tariff of R379.34 per ton on September 8, 2017.
Zimbabwe’s corn crop for the 2017/18 MY is estimated at around 2.2 million tons, up more than 300 percent from the 2016/17 MY’s corn crop of 512,000 tons.
South Africa should return to being a net exporter of corn in the 2017/18 MY and 2016/17 MY on higher production.
Zimbabwe experienced one of its driest seasons since the 1992/93-season, due to a strong El-Ninoinduced drought.
South Africa should return to be a net exporter of corn in the 2016/17 MY of about 1.0 million tons on higher production.
South Africa is battling one of the worst droughts ever recorded limiting the production of grains.
Sub-Saharan Africa’s voracious appetite for imported agricultural goods is a direct result of the region’s robust growth in gross domestic product (GDP) and population.
Dry weather is overruling the lure of high corn prices and producers’ decisions to plant more corn in the 2015/16 MY.
Minister of Agriculture Kátia Abreu discussed expanding beef, poultry, dairy, fruit, and wheat trade with Russia, Myanmar, Japan, South Africa, and Argentina.
Post expects that Zimbabwe’s corn imports will be significantly higher in the 2015/16 MY and may reach 900,000 tons...