In its eighth production forecast for the year, the crop estimates committee said on Thursday, 25 August, that summer-crop farmers would harvest 7.297-million tonnes of maize, a staple food in SA. That is 0.48% higher than the previous forecast and combines the expected crops and white and yellow maize.
The committee expects wheat production to be 1.683-million tonnes, which is 16,88% or 243,040 tonnes more than the previous seasons' crop of 1,440-million tonnes.
Severe drought in the main maize and oilseed production areas of North West and the Free State triggered a rally in prices earlier in 2016 as concern over supply matched the duration of the drought.
The actively traded white maize futures for December delivery peaked at R5,226 a ton before easing to current levels of R4,289 a tonne. Yellow maize for December delivery peaked at R3,954 a ton before easing to R3,218 a tonne.
The country is expected to consume 10.47-million tonnes in the current marketing period, which ends in April. Including exports, the figure will rise to 11.33-million tonnes.
Apart from maize meal from white maize, yellow maize is a basic input for the production of red meat, chicken, eggs and milk.
Among other summer crop estimates, sunflower-seed production is now expected to come in unchanged at 742,750 tonnes, as is soybean at 750,250 tonnes.
Source: BDpro
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
Dentsu 2 days
