South Africa: Grain and Feed Update
Due to relatively high stock levels that are suppressing local corn prices, Post estimates that South Africa’s commercial corn producers will cut area by 10 percent to 2.1 million hectares in the 2018/19 MY. As a result, corn production and exports could drop to 12 million tons and 1 million tons, respectively. Post estimates that South Africa will export about 2.5 million tons of corn in the 2017/18 MY, drawing from a commercial crop of 12.9 million tons. Due to abundant local supplies, Post does not expect South Africa to be a market for United States corn exports in the current and the 2018/19 marketing years.
