South Africa: Grain and Feed Update
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The sharp upsurge in the cost of farming inputs for corn farmers in South Africa intensified the risk of production in a weather dependent industry, despite record-high commodity prices. As a result, Post forecasts that South Africa’s corn area will stay flat in marketing year 2022/23. However, South Africa should maintain its status as a net exporter of corn under normal weather conditions. South Africa’s corn crop in marketing year 2021/22 is estimated at 15.3 million metric tons, a drop of nine percent from the previous year’s crop of 17.0 million metric tons, mainly due to excessive rainfall during the early parts of the season. However, marketing year 2021/22’s corn crop is the fourth largest on record for South Africa and the third consecutive year of surpassing 15.0 million metric tons of corn.