South Africa Buys Yellow Corn for First Time in 2 Years

South Africa is importing two cargoes of yellow corn from Romania, its first imports of the grain in two years, said Jannie de Villiers, chief executive officer of Grain SA, a farmers’ group.

Shipments are normally about 30,000 metric tons per vessel and the ports where the corn will be delivered are in Western Cape Province, he said. Cape Town is the main port in the province.

South African stocks of yellow corn, which is mainly used as animal feed in the country, fell 37 percent to 1.42 million tons as of the end of November from a year earlier, according to the South African Grain Information Service.

To contact the reporter on this story: Tshepiso Mokhema in Johannesburg at tmokhema@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net

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