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Due to relatively high stock levels that are suppressing local corn prices, Post estimates that South Africa’s commercial corn producers will cut area by 10 percent to 2.1 million hectares....
South Africa’s corn exports are projected to drop to 1 million tons in the 2018/19 MY, as post expects a decrease in commercial production, due to a cut in area planted.
Due to the climatic challenges, Post estimates that Zimbabwe’s corn area harvested decreased by 36 percent to 1.2 million hectares in the 2018/19 MY..
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.
South Africa should return to being a net exporter of corn in the 2017/18 MY and 2016/17 MY on higher production after South Africa had to import 2.2 million tons of corn in the 2015/16 MY....