South Africa: Grain and Feed Update
Post forecasts that South Africa will export about 2 million tons of corn in the 2017/18 MY, drawing on a relatively large carry-over stock from the 2016/17 MY. In the 2016/17 MY, South Africa produced a record 17.5 million tons of corn and exports are expected to reach about 2.5 million tons. On the other hand, due to the drought in the Western Cape Province, the major wheat producing area in South Africa, wheat imports are expected to almost double in the 2017/18 MY to 1.9 million tons. In the 2016/17 MY, South Africa imported 1 million tons of wheat and wheat products.