South African maize farmers are anticipated to reap 10% extra of the staple crop within the 2020/2021 season in contrast with the earlier season, regardless of heavy rainfall in elements of the nation, a Reuters survey confirmed on Monday.
South Africa’s Crop Estimates Committee (CEC) is predicted to peg maize manufacturing at 16.872 million tonnes for the 2020/2021 season, up from the 15.300 million tonnes planted final season, a median estimate of 5 merchants and analysts surveyed confirmed.
“Though substantial rains in January might have compromised maize high quality in some manufacturing areas, our view is that the yield will offset potential high quality points. Costs are anticipated to remain at export parity, at the moment trending decrease as a result of power of the rand,” stated Marlene Louw, senior agricultural economist, at Absa Agribusiness.
Heavy rains, attributable to cyclone Eloise which hit Mozambique final month, led to waterlogged farmlands in elements of South Africa’s maize belt.
The survey expects the crop to encompass eight.929 million tonnes of white maize, used primarily for human consumption, and seven.943 million tonnes of yellow maize used primarily in animal feed.
The CEC will challenge its first manufacturing forecast for the 2021 summer time crops on Thursday.