South Africa will probably decrease its estimate for wheat production this season by 2.7 percent as the nation’s worst drought in 23 years affected plantings, a survey showed.
Local growers may harvest 1.5 million metric tons of wheat in the 2015 season, according to a median estimate of five analysts in a Bloomberg survey. That compares with 1.54 million tons predicted by the Crop Estimates Committee last month, which would be the least since 2011. The range of predictions was 1.45 million tons and 1.54 million tons. The CEC will release its data on Nov. 25.