South Africa May Cut Corn-Crop Forecast by 1.4%, Survey Shows
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South Africa, the continent’s biggest corn producer, will probably lower its forecast for this season’s harvest by 1.4 percent, a survey showed.
The government may say farmers will reap 10.95 million metric tons of corn, compared with an April 24 forecast of 11.1 million tons, according to the median estimate of eight traders surveyed by Bloomberg. Forecasts ranged from 10.8 million tons to 11.1 million tons.