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Due to relatively attractive local corn prices, progressive exports and favorable weather forecasts, South Africa is entertaining a positive outlook for the 2020/21 MY’s corn plantings.
South Africa produced its second highest corn crop in history in the 2019/20 MY. This 16.1 million-ton bumper crop has suppressed local corn prices, and is expected to continue...
South Africa’s corn exports are continuing on the preexisting positive trend amidst a COVID-19 lockdown that started on March 27, 2020.
South Africa will remain a net exporter of corn in the 2020/21 MY, on relatively high stock levels, due to an anticipated bumper crop in the 2019/20 MY.
South Africa has a robust and experienced regulatory system for genetically engineered (GE) products which started with the publication of its “GMO” act in 1997.
Post estimates that South Africa increased commercial corn planting by almost 10 percent for the 2019/20 MY to 2.5 million hectares.
South Africa has a well-developed business market, and is a gateway to Sub-Saharan African markets.