South Africa Corn Surplus to Drop on Low Rain, Business Day Says
Low rainfall in South Africa is expected to curb the nation’s corn surplus to 1 million metric tons, Business Day reported, citing Grain SA Chief Executive Officer Jannie de Villiers.
Yields per hectare are expected to be lower than last year, the Johannesburg-based newspaper said.
Of the expected output of 11 million tons of corn South Africa is expected to produce this season, at least 1 million tons will be for export, with Botswana, Lesotho, Namibia and Swaziland importing 400,000 tons, de Villiers said, according to the newspaper.
To contact the reporter on this story: Tshepiso Mokhema in Johannesburg at email@example.com
To contact the editor responsible for this story: Vernon Wessels at firstname.lastname@example.org
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.