maize price trends in south africa

1.1 Study Assumptions and Market Definition, 7. Most of the maize is produced in rain-fed areas. South African maize (corn) description 2 PAGE 6 Industrial uses for South African maize 3 PAGE 9 Marketing procedures 4 PAGE 11 Grain quality of South African maize and South African maize standards 5 PAGE 14 South African export facilities, transportation and exporters’ documentation 6 PAGE 17 Risk management in the pricing of maize in South Africa. Roughly 75% of maize produced in a season is consumed by our own local market. Industry Reports. Factors influencing maize markets in South Africa The main factor above all others which determines the price of maize in each season is supply and demand. According to the FAO, the area under cultivation for maize in South Africa was 1.9 million hectares in 2016, which increased to 2.3 million hectares in 2018, an increase of 21.0%. 10/12/2020. MARKET OPPORTUNITIES AND FUTURE TRENDS, Nanakramguda Rd, Financial District, Gachibowli. This price hike was expected due to El Niño’s impact on African maize. Click here. 7. , maize supplies on major markets remained at average to below-average levels while maize grain prices remained well above average. The price trend of maize in South Africa is also analyzed in the study. South Africa is the main emerging market for price discovery of maize in Africa, with white maize being the largest and most liquid agricultural commodity futures contract traded on the South African Futures Exchange (SAFEX). To understand key trends, Download Sample Report. Africa consumes 30% of the maize produced in the world, with Sub-Saharan Africa alone accounting for 21% of the consumption. maize was planted in 2000, herbicide tolerant soybeans in 2001, and herbicide tolerant maize in 2003. Please refer to pages 91 - 95 for the methodologies followed. Technically Nickel market is under fresh buying as market has witnessed gain in open interest by 2.33% to settled at 1973 while prices up 1.4 rup... More >> 2021-01-04 Maize prices exhibited mixed trends as the lean season peaked but are below average levels for most of the region except for Madagascar and parts of eastern DRC. Though maize is cultivated across South Africa, few regions, such as Free State, Gauteng, Mpumalanga, and the North-West provinces, account for 87% of the overall production of maize in the country. The high price of the maize in the 2018 … Report scope can be customized per your requirements. Historically, the South Africa Stock Market reached an all time high of 63042.88 in January of 2021. The reason is maize is trading at import prices are currently trading at prices largely because of the drought." Simply put; when we have a good year and our maize crops yield well, then the price of maize … South African Maize Crop Quality Report 2017/2018 Season 2 Testing for the presence of a selection of traits present in Genetically Modiied (GM) maize were performed on 100 samples representative of white and yellow maize produced per region. Producers, traders and other intermediaries interact freely in the marketing of maize. Africa is more inclined toward white maize consumption, with a consumption share of around 90%. The trend in the maize production gross value follows the pattern of prices and production since the industry is characterized by volatile prices as shown in figure 1. The consumption by these countries is heavily dependent on imports. The preliminary area estimated for commercial maize is 2,535 million hectares, which is 10,21% more than the previous season area planted of 2,300 million hectares. Towards the impnNement of maize in Nigeria. The spot price of white maize increased by 0.5% and the yellow maize spot price decreased by 1.3% week on week. Statista. Import price indicated modest growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. Prices of coarse grains at exceptionally high levels in the Sudan and South Sudan . Overnight (Globex) prices are shown on the page through to 7pm CST, after which time it will list only trading activity for the next day. Chart. On a yearly basis, prices of maize were above those in September 2019, as upward pressure from export demand and the effects of a … A slowdown in economic activities because of the COVID-19. Understanding maize price trends in southern Africa May 2007 Divergent price trends are not unusual in southern Africa. East Africa. On 30 May 2019, South Africa’s yellow and white maize prices were up by 11% and 10% from 30 April 2019, trading at R2,801 per tonne and R2,849 per tonne, respectively. The high price of the maize in the 2018-2019 cropping season is the main reason for the increase in the production of maize in the country. Future expiry date of Future Contracts ensures that both parties honour their position on the traded date. As shown in Figure 5 below, global maize prices have shown a sustained downward trend during the period under review. In the 2018/19 season, human consumption The market studied for this report includes maize traded both domestically and internationally. Option Contracts determine a floor or ceiling price and a premium cost is agreed upon. About half of South Africa’s maize is used for animal feed, and about 70% of the feed is used for poultry. In 2019, the maize bran import price in Africa amounted to $X per tonne, increasing by X% against the previous year. Month-on-month trends varied as is usual at this time of year. Overall, the maize import price continues to indicate a mild downturn. Rely on our Market Intelligence platform to get the latest trends on the Maize Industry and anticipate the future of the sector. To understand geography trends, Download Sample Report. MARKET OPPORTUNITIES AND FUTURE TRENDS, Nanakramguda Rd, Financial District, Gachibowli. The price of maize in Africa increased by 57% compared to the previous years. It does not include processed products manufactured using maize. South Africa’s maize production slumped by 30% this year, and as a result, the country imported 770,000 metric ton of maize from outside the African continent. The yellow maize spot price increased by 1.2% while the white maize spot price increased by 0.8% week-on-week. South Africa Central News Agency Limited. ... "Price index of maize in South Africa from 2001 to 2019." Report scope can be customized per your requirements. (1965). Thus, white maize gets a premium price in Africa. The price of maize in Africa increased by 57% compared to the previous years. The page will always show prices from the latest session of the market. According to UN Comtrade, the export of maize from South Africa was 1,000 thousand metric ton in 2016, which increased to 1,155 thousand metric ton in 2019. According to the Crop Estimates Committee (CEC), the maize production in Africa increased by 6% during the 2018-2019 cropping season, compared to the previous cropping season. The average spot price for white maize was at R3 988/ton in December 2016. The period under analysis opened with low gross value of maize production in 2003/04 production season and this was followed by consistent declines until 2005/06 season. The consumption by these countries is heavily dependent on imports. JOHANNESBURG, Sept 22 (Reuters) - South Africa's 2020 maize output is likely to be lower than previously expected due to the impact of late rains on the quality of the crop, according to a Reuters survey of estimates from five analysts and traders.The Crop Estimates Committee (CEC) is expected to forecast 2019/2020 maize production at 15.271 million tonnes, down 1.71% from the … This is in line with increased global supply over the years. Local maize prices in the region generally reflect local production. International prices also play a direct and significant role, particularly in South Africa, the main maize producer 1. $230,000.00 - $250,000.00 . This instrument was developed for the grains market in South Africa as a platform for efficient price risk management. The South African maize market has matured considerably since deregulation of agricultural marketing. It enables maize producers, investors and other market participants to gauge volatility and sentiment relating to the local white maize market. In most countries, prices were around or below their year-earlier levels, reflecting above-average first season harvests, concluded in the July-August 2020 period. The Crop Estimation Committee (ECE) estimated maize production to be 12.5 million, which is an 11% increase in the production of maize in the cropping season of 2019-2020. We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination. South Africa expected to sow 8.3% more maize hectares in 2020/2021 - survey 10/23/2020 JOHANNESBURG, Oct 22 (Reuters) - South African farmers are expected to plant 8.3% more hectares of the food staple maize next season, boosted by above normal rainfall and higher maize prices, a survey of five traders and analysts showed on Friday. 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