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South Africa Corn Surplus to Drop on Low Rain, Business Day Says

June 29 (Bloomberg) -- 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 tmokhema@bloomberg.net

To contact the editor responsible for this story: Vernon Wessels at vwessels@bloomberg.net

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