No relief from high maize stocks

1 min read

With more than 80% of the country’s maize crop already harvested, the Crop Estimates Committee’s seventh production forecast for 2009/10’s summer crops indicates a maize yield of 13,09 million tons.

No relief from high maize stocks
- ADVERTISEMENT -

This is 223 450t lower than the sixth forecast’s 13,32 million tons. Current SAFEX prices remain under pressure with the September 2010 white maize price sitting at R1 225/t and the yellow maize price at R1 297/t for the month.

The CEC calculated that the national white maize yield for summer 2009/10 will be 4,55t/ha and 5,15t/ha for yellow maize, and many maize farmers, especially those with smaller crops, stand to lose a lot of money.

ADVERTISEMENT

The CEC’s latest crop estimates for sunflower seed is 516 265t, which is 2,36% under the sixth estimate. For soya beans, the yield forecast is 565 700t, or 0,26% less than the previous estimate. The expected ground nut crop remains unchanged at 87 880t, while the production forecast for sorghum decreased by 4,14%, or 10 000t, to 231 593t. For dry beans, the production forecast is also unchanged at 52 255t.

Free newsletter

South Africa’s Weekly Farming News — Free Every Tuesdays

Join 17,188+ readers for the latest agriculture news, market updates, and farming insights.

No spam. Unsubscribe any time.

✓ You're subscribed! Check your inbox for a confirmation.

See Farmer's Weekly first on Google Add as Preferred Source
Follow Farmer's Weekly on Google News Follow on Google News
ADVERTISEMENT