South Africa Probably Produced 33% More Wheat in 2011
South African farmers probably harvested 33 percent more wheat in the 2011 season than a year earlier, a survey showed.
The government may say growers reaped 1.9 million metric tons of the grain, the median of seven traders surveyed by Bloomberg News shows. That compares with 1.43 million tons produced a year earlier and with the Crop Estimates Committee’s final forecast of 1.91 million tons, released on Feb. 28. The committee is set to report output on May. 8.
South Africa, which is a net importer of wheat, is sub- Saharan Africa’s largest producer of the grain and the region’s third-biggest importer after Nigeria and Sudan, according to U.S. Department of Agriculture data on Bloomberg.
Wheat prices have declined 14 percent over the past year on the Johannesburg-based South African Futures Exchange. Prices for the May contract increased 1.7 percent to 2,686 rand ($346) by the midday close.
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