A large share of the 2017/2018 maize crop has already been delivered to commercial silos, hence the weekly producer deliveries have slowed in recent weeks. Evidently, in the week ending 28 September 2018, maize producer deliveries amounted to 48 991 tons, down by 24% from the previous week (ending 21 September 2018). About 51% of this was white maize, with 49% being yellow maize.
This placed South Africa’s maize producer deliveries at 11,1 million tons, which equates to 86% of the 12,9 million-ton harvest for the 2017/2018 production season. The yields in most areas largely varied between average and above average.
Today (4 October 2018), the focus will be on the weekly grain trade data which is due for release at midday. South Africa exported 87 415 tons of maize in the week ending 21 September 2018, which is double the volume exported the previous week (ending 14 September 2018). About 92% was yellow maize, with 8% being white maize.
The leading buyer was South Korea and Vietnam with shares of 45% and 42%, respectively. The rest went to regional markets (Southern Africa). This placed South Africa’s 2018/2019 maize exports at 1,3 million tons, which is about 57% of the seasonal export forecast of 2,3 million tons. –Wandile Sihlobo
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.