Agri­cul­tural fu­tures

The Star Early Edition - - MARKETS -

WHITE maize for de­liv­ery in March de­clined 2.9 per­cent to R3 359 a ton on the SA Fu­tures Ex­change yes­ter­day, its low­est since Novem­ber 8.

The con­tract dropped for a fifth con­sec­u­tive day.

“It’s all about stock,” Brink van Wyk, a trader at BVG in Pre­to­ria, said.

“The stock po­si­tion seems to be get­ting bet­ter given all the im­ports that have taken place un­til now.”

Con­tract for de­liv­ery in July, the most ac­tive, re­treated 2.7 per­cent to R2 320 a ton.

Mean­while, South Africa im­ported white maize from the US (16 363 tons) and Mex­ico (9 995 tons) in the week to Jan­uary 13.

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