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News archive - May-2012

Higher SA maize yield puts prices under pressure

With over 1,1 million tons more maize expected from South Africa’s 2011/2012 crop than for the preceding season, local prices have been put under pressure.

The Agricultural Business Chamber (AgBiz) reported that current maize prices dropped from around R2 700/t earlier in the year to about R2 200/t over September 2012. AgBiz CEO Dr John Purchase said that there was a carryover stock of just under 1 million tons of maize from SA’s previous marketing season.

03.10.2012 / Agbiz in the news

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