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In July 2024, falling global wheat prices triggered a wheat import duty of Rand 176.30 (USD 9.70) per metric ton for South Africa ending more than three years of duty-free imports. The higher import duty was introduced amid a 7 percent drop in wheat planted area for marketing year 2024/25.
South Africa’s corn crop in marketing year 2023/24 has been affected by an El Niño induced mid-summer drought, resulting in an expected drop of more than 15 percent in crop volume.
South Africa is on course to produce a fourth consecutive bumper corn crop in MY 2022/23, which creates a bearish outlook on local corn prices and will limit growth in the area to be planted with corn in MY2023/24.
After exceptional consecutive production seasons of solid growth supported by relatively high commodity prices and favorable weather conditions, wheat and corn producers in South Africa are optimistically looking forward to the 2022 production season.
South Africa should remain a net exporter of corn in the 2021/22 MY on excess supplies.
Due to an expected sharp increase in local wheat production on favorable weather conditions and record yields, South Africa’s imports of wheat and wheaten products in the 2020/21 MY is expected to...
South Africa’s local wheat price increased sharply to record high levels in April 2020.
South Africa will remain a net exporter of corn in the 2020/21 MY, on relatively high stock levels, due to an anticipated bumper crop in the 2019/20 MY.
The South African Agricultural Fact Sheet has been updated to include calendar year 2019.
Post estimates South Africa will have to import about one million tons of corn in the 2018/19 MY on an estimated 20 percent decline in commercial production due to drought conditions.
Due to relatively high stock levels that are suppressing local corn prices, Post estimates that South Africa’s commercial corn producers will cut area by 10 percent to 2.1 million hectares....
Post forecasts that South Africa’s wheat imports for the 2018/19 MY will decline marginally to 1.8 million tons, on an expected increase in local production.