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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.
Post forecasts Russia's grain and feed production for the coming year.
South Africa should remain a net exporter of corn in the 2021/22 MY on excess supplies.
South Africa has to import rice to meet local demand as rice production is insignificant in the country. As a result, any trade restrictions introduced by exporter countries, due to COVID-19...
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.
FAS/Moscow forecasts that wheat production will reach 73.5 MMT in MY2019/2020, a decrease from the previous forecast of 74 MMT based on industry and official data.
Russia’s grain crop in MY19/20 will be abundant, particularly for barley and corn.
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....
FAS Moscow decreased its April 2018 total grain production forecast by 13.8 million metric tons (MMT) to 109.9 MMT based on reports of reduced area and cold and rainy conditions in some regions....