South Africa: Grain and Feed Update

The lower corn crop in marketing year 2023/24, coupled with strong regional demand, especially for white corn, has prompted higher prices in Southern Africa. Therefore, Post forecasts that producers will be motivated to expand corn area in marketing year 2024/25. South Africa is continuing to export corn to its neighboring countries, creating a situation where South African corn consumption demands require imports. This generates a market for United States corn, though South Africa only allows imports for countries that are cultivating genetically engineered events that have been approved for food, feed and/or cultivation purposes in South Africa. Post has worked closely with stakeholders to resolve asynchronous events to allow trade and expects that U.S. corn imports will be forthcoming.