No relief from high maize stocks

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.

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.