Spotlight on maize marketJuly 3, 2018
South African Agricultural Commodities Weekly WrapJuly 6, 2018
- 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 tonnes in the week of 29 June 2018, up by 14 percent from the previous week.
- About 54 percent of this was yellow maize, with 46 percent being 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 on white maize deliveries. The total maize deliveries for the first nine weeks of the 2018/19 marketing year are estimated at 4.1 million tonnes, which equates to roughly a third of the estimated harvest of 13.2 million tonnes. Yellow maize accounts for 61 percent of overall maize deliveries, with white maize accounting for 39 percent.
- 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. With that said, the 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.
- Elsewhere, the harvest activity is also gaining momentum in some parts of Zimbabwe. Media reports suggest that 160 000 tonnes 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 2018/19 maize imports could reach 300 000 tonnes.
Click HERE to read the full report by Wandile Sihlobo