The National Agricultural Marketing Council (NAMC) estimate for South Africa’s total maize supply in the 2016/2017 marketing season currently stands at just over 12,4 million tons.
Total yellow maize production was estimated at just less than 7 million tons, and for white maize total production of 5,4 million tons was forecasted. Whole maize imports of 2,7 million tons are expected, consisting of early deliveries of about 70 000t and a surplus of 50 000t, according to NAMC’s South African Supply and Demand Estimates for October 2016.
Total exports of 180 000t of processed products and 760 000t of whole maize were forecasted for the 2016/2017 marketing season. The projected closing stock level at 30 April 2017 is estimated at 1,1 million tons. At an average processed quantity of 834 333t/month, this represented available stock for 41 days.
The Competition Commission recently raided the offices of nine market agencies at the Johannes...