Agri­cul­tural fu­tures

The Star Early Edition - - MARKETS -

SOUTH Africa would reap at least 11.9 mil­lion tons of maize this year, com­pared with 7.5 mil­lion tons last sea­son, the Agri­cul­tural Busi­ness Cham­ber said in re­port yes­ter­day.

White maize crop of about 6.7 mil­lion tons and 5.2 mil­lion tons of the yel­low va­ri­ety ex­pected.

White maize price may fall be­low R2 500 a ton by the end of April and the yel­low maize to R2 405 a ton by sea­son end.

Wheat price may be R3 706 a ton and 2016/2017 im­ports seen at 1.5 mil­lion tons.

The soya beans fore­cast is 17 per­cent up at 867 520 tons, at R6 671 a ton. – Bloomberg

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