The harvest activity is gaining momentum across the country, thanks to favourable weather conditions. The progress is reflected in the volumes of maize delivered to commercial silos which amounted to 968 284 tons in the week ending 29 June 2018, up by 14% from the previous week (ending 22 June 2018).
About 54% of this was yellow maize, and 46% was white maize. Unlike the past couple of weeks when progress was mainly in the central and eastern parts of the country, which predominantly produce yellow maize, the progress is now widespread as reflected in white maize deliveries. The total maize deliveries for the first nine weeks of the 2018/2019 marketing year are estimated at 4,1 million tons, which equates to roughly a third of the estimated harvest of 13,2 million tons. Yellow maize accounts for 61% of overall maize deliveries, and white maize accounts for 39%.
More maize will be delivered in the coming weeks as the expected cool and drier weather conditions during the next two weeks could provide conditions conducive for the harvest process, particularly in the early planted areas in the eastern and central parts of the South African maize belt. Near-term weather forecasts present a possibility of showers in the western parts of the country, which could slow the harvest process in white maize growing regions.
Harvest activity is also gaining momentum in some parts of Zimbabwe. Media reports suggest that 160 000 tons had already been delivered to the country’s Grain Marketing Board silos on 30 June 2018. This, however, does not change the view that Zimbabwe‘s 2018/2019 maize imports could reach 300 000 tons. – Wandile Sihlobo, Agbiz
Wandile Sihlobo, head of economic and agribusiness intelligence at Agbiz, shares highlights in his update on agricultural commodity markets. Click here for the full report on agri markets for the major commodities.