South Africa: Grain and Feed Update
Link to report:
Post forecasts that South Africa’s corn area will expand in marketing year 2024/25. An 18 percent drop in the corn crop of marketing year 2023/24, due to an El Niño-induced mid-summer drought, prompted higher local corn prices that will initiate expansion in the area to be planted with corn for marketing year 2024/25. Under normal conditions, South Africa should maintain its status as a net exporter of corn in marketing year 2024/25. Despite diminished production, South Africa is expected to export about 1.5 million metric tons of corn in marketing year 2023/24. Strong regional demand, especially for white corn will drive exports to neighboring countries where production was hindered by drought.
