Spotlight on the domestic maize market- South Africa

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A large share of the 2017/18 maize crop has already been delivered to commercial silos, hence the weekly producer deliveries have slowed in the recent weeks. Evidently, in the week of 28 September 2018, maize producer deliveries amounted to 48 991 tonnes, down by 24 percent from the previous week. About 51 percent of this was white maize, with 49 percent being yellow maize.

- This placed South Africa’s maize producer deliveries at 11.1 million tonnes, which equates to 86 percent of the 12.9 million tonnes harvest for the 2017/18 production season. The yields in most areas largely varied between average and above average.

- Today the focus will be on the weekly grain trade data which is due for release at midday. South Africa exported 87 415 tonnes of maize in the week of 21 September 2018, which is double the volume exported the previous week. About 92 percent was yellow maize, with 8 percent being white maize.

- The leading buyer was South Korea and Vietnam with shares of 45 percent and 42 percent, respectively. The rest went to regional markets (Southern Africa). This placed South Africa’s 2018/19 maize exports at 1.3 million tonnes, which is about 57 percent of the seasonal export forecast of 2.3 million tonnes. AGBIz