South Africa: Grain and Feed Update
Post forecasts that South Africa’s corn area will stay flat in marketing year 2022/23. The current high input cost environment and an upsurge in soybean plantings are deterring any bullish outlook in expanding corn area, despite record high commodity prices and three consecutive bumper crops. Higher farming input costs are escalating the risk of production in a weather-dependent industry. Nevertheless, South Africa should maintain its status as a net exporter of corn under normal weather conditions. South African corn crop in marketing year 2021/22 is estimated at 16.0 million metric tons, surpassing marketing year 2019/20 as the third largest corn crop ever produced in South Africa. Consequently, South Africa is heading for 3.0 million metric tons of corn exports in marketing year 2021/22.