Third largest maize harvest on the cards in South Africa

Published 2023년 5월 26일

Tridge summary

South Africa's Crop Estimates Committee increased the country's 2022/23 maize production estimate by 2% to 16.1 million tonnes, making it the third-largest harvest on record. The country expects to have surplus maize for both domestic consumption and export in the 2023/24 marketing year. The soya bean harvest remains unchanged from April's record estimate of 2.8 million tonnes, allowing the country to meet domestic demand and export over 300,000 tonnes. Sunflower seed production is expected to decline due to a reduced planted area, while groundnut and dry bean production has seen a slight increase. Recent rain has not led to any quality issues, indicating a large harvest of high-quality summer crops, which could lead to a moderation in grains-related food product prices.

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

Original content

South Africa's Crop Estimates Committee (CEC) lifted the country's 2022/23 maize production estimate by 2% from last month to 16.1 million tonnes. This crop is 5% more than the 2021/22 season and the third-largest harvest on record. The expected large harvest is primarily on the back of large yields, as the area planted is slightly down from the 2021/22 season. The harvest is made up of 8.5 million tonnes of white maize, with 7.6 million tonnes of yellow maize. A crop of 16.1 million tonnes implies South Africa will have sufficient supplies to meet domestic maize needs of roughly 11.4 million tonnes and have over three million tonnes available for export markets in the 2023/24 marketing year. The soya bean harvest remained unchanged from April's record estimate of 2.8 million tonnes (up 24% y/y). The crop improvement is due to an expansion in the planted area and the expected higher yields. Thanks to the ample soya bean harvest, South Africa could meet its domestic demand and ...

Source: Agriorbit