S. African White Corn Falls for Four Consecutive MonthsTshepiso Mokhema
White corn in South Africa, the continent’s biggest producer of the grain, fell for a fourth straight month in Johannesburg. Yellow corn dropped today, while wheat gained.
White corn for delivery in July declined 2.1 percent to 1,816 rand ($173) a metric ton by the midday close on the South African Futures Exchange. It fell 12 percent in May.
Yellow corn for delivery in July dropped 1.7 percent to 1,942 rand a ton.
South Africa is in it’s corn-reaping season and the country could produce the biggest harvest in 33 years this year, according to the Crop Estimates Committee. Meal made from the white variety is used to make staple food known locally as pap, while the yellow type is mainly fed to animals.
Wheat for delivery in July rose 0.1 percent to 3,864 rand a ton.