South African Yellow-Corn Exports Reach 14-Year High on Surplus
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South African yellow-corn exports almost quadrupled to a 14-year high as traders found new markets for a surplus of the grain after farmers reaped a bumper crop.
Outbound shipments jumped to 1.02 million metric tons in the year ended April 30 from 261,608 tons in the prior period, data posted on the South African Grain Information Service’s website today showed. That’s the most since the 1996-97 season, when exports came to 1.13 million tons, General Manager Anna Enslin said by phone from Pretoria. Exports of white corn fell.