South Africa remains a key player in global maize market

The USDA lifted its estimate for South Africa’s maize production
May 15, 2018
Use these routes to travel to Nampo
May 15, 2018

South Africa remains a key player in global maize market

  • South Africa is an important player in the global maize market, ranked as the 9th largest exporter of maize in 2017, according to data from Trade Map. The countries performing better than South Africa were the US, Brazil, Argentina, Ukraine, Russia, France, Romania and Hungary. These countries collectively accounted for 88 percent of global maize exports in 2017.
  • South Africa accounted for roughly 2 percent of global maize exports. Most importantly, South Africa was the only African country within the top 24 leading global maize exporters. This year the country is likely to remain amongst the top maize exporters, as the volume of maize available for exports could amount to 2.3 million tonnes, down by 4 percent from the previous year.
  • The leading markets for South Africa’s maize exports are typically Japan, Taiwan, Botswana, Zimbabwe, Swaziland, South Korea, Namibia, Lesotho and Mozambique, amongst others. These countries could remain the key markets this year. An addition on this list could be Spain. So far, Spain is a leading buyer of South Africa’s maize in the 2018/19 marketing year.
  • We will get more details on export activity at midday when SAGIS releases figures for the week of 11 May 2018. 

 

Read the full report by Wandile Sihlobo below:

Agbiz Morning Market Viewpoint on Agri-Commodities 15 May 2018 (1)