South Africa expects ample summer grains and oilseeds harvest in the 2022/23 season

Published 2023년 4월 27일

Tridge summary

The Crop Estimates Committee's data for South Africa's 2022/23 summer grains and oilseeds production season shows promising results, with maize production estimated at 15,9 million tonnes, a 3% increase from the previous season and the third-largest harvest on record. The country is expected to have surplus supplies for both domestic consumption and export markets. Soybean harvest is also projected to reach a record 2,8 million tonnes, indicating potential for export expansion. However, sunflower seed production is predicted to decrease due to a reduction in planted area and yields. Other small crops like sorghum and groundnuts are expected to have substantial harvests. The softening of maize, sunflower seed, and soybean prices mirrors these production estimates.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Crop Estimates Committee's data reaffirmed our optimism about South Africa's 2022/23 summer grains and oilseeds production season. Maize production is estimated at 15,9 million tonnes, up mildly from last month's estimate and 3% higher than the 2021/22 season's harvest. The current harvest is the third-largest harvest on record. The harvest improvement is primarily on the back of expected large yields, as the area planted is slightly down from the 2021/22 season. About 8,4 million tonnes is white maize, with 7,5 million tonnes being yellow maize. A crop of 15,9 million tonnes implies that South Africa will have sufficient supplies to meet domestic needs of roughly 11,4 million tonnes and remain with about 3,0 million tonnes for export markets in the 2023/24 marketing year that starts in May. Moreover, the soybeans harvest was lifted by 2% from the March estimate to a record 2,8 million tonnes. The crop improvement is due to an expansion in the area planted and the expected ...

Source: Farmingportal