Dry spell puts the brakes on original maize yield estimates

A February/March dry spell over much of South Africa’s summer grains production area has forced the Crop Estimates Committee to drop the total maize estimate by 399 800 tons to 11 305 550 tons.

While national maize prices have dropped after an even greater drop in the projected maize crop failed to materialise, prices are likely to rebound as a result of anticipated lowest ever national ending stocks combined with lower harvests. If SA is to meet its domestic and export demands for the 2012/13 marketing season the national maize harvest estimate cannot afford to drop much lower.

Read the full story in the 20 April 2012 issue of FW.