There is a maize supply challenge on the horizon in southern Africa

Published 2024년 7월 16일

Tridge summary

The Southern African region is grappling with a mid-summer drought in 2024 that has severely affected its maize supplies, a staple food crop, in countries like Zambia and Zimbabwe, leading to significant losses and the need for large-scale imports. Zambia has seen over half of its maize harvest lost, requiring it to import a record volume of one million tonnes, while Zimbabwe's maize production has decreased by nearly 60% due to both the drought and reduced fertilizer usage, with an estimated need to import at least a million tonnes in the 2024-25 marketing year. The situation is expected to increase pressure on consumer markets and cause a surge in maize prices as the full impact of the poor harvest becomes more apparent later in the year.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

by Wandile Sihlobo The Southern African region continues to face climate-related challenges that place its agricultural sector and food supply at risk. The mid-summer drought of 2024 has devasted the regional maize supplies, a staple food crop for the region. So far, the focus has been on the losses farmers are experiencing, but soon, consumer pressures will arise. At the end of February 2024, Zambian President, Mr Hakainde Hichilema, declared a disaster after realizing the country had lost over half of its maize harvest because of the drought. Zambia’s maize production in the 2023-24 season is down by over 50% to an estimated harvest of 1,6 million tonnes. The country now finds itself in a position where it has to import a record volume of one million tonnes to satisfy the domestic maize needs of 2,8 million tonnes. Zimbabwe faces a similar challenge, with maize harvest down roughly 60% from the 2022-23 production season to an estimated 635,000 tonnes. This is the lowest harvest ...

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