twitter RSS Feed linkedin acp contact

Corn export could lead to shortage in South Africa

A government-backed plan to export a record corn surplus may leave South African silos drained of the country’s staple food by the end of April

A government-backed plan to export a record corn surplus may leave South African silos drained of the country’s staple food by the end of AprilA government-backed plan to export a record corn surplus may leave South African silos drained of the country’s staple food by the end of April

The price of white corn, used to make the corn meal eaten by many South Africans, has risen to a record in Johannesburg and the nation is importing the yellow variety of the grain for the first time in two years. Millers, chicken producers and cattle breeders are facing a surge in costs and food inflation may rise to as much as 15 per cent from 11.1 per cent in November, Gina Schoeman, an economist at Absa Group Ltd, was quoted as saying by Bloomberg.

“It is clear now that exports were done irresponsibly,” Chris Schutte, chief executive officer of Pretoria-based Astral Foods Ltd., the nation’s second-biggest chicken producer, said in an interview. The price increases “will hit that section of the market that can afford it the least.”

Facing a record surplus two years ago after the biggest crop in almost three decades, farm bodies such as Grain SA, which represents 7,000 commercial growers, pushed the government into helping find new corn markets ranging from South Korea to Italy and Mexico.

“There will be very little maize left in silos come April 30,” Christo Booyens, assistant general manager for Grainlink marketing service at Klerksdorp-based Senwes Ltd., the country’s biggest grain-storage company. “Ideally you want about six weeks’ stocks to ensure smooth supplies to millers.”

South Africa will need to import 700,000 tons of corn between January and July, Jannie de Villiers, the chief executive officer of Grain SA, said in a phone interview. The crop will mostly be delivered to silos in June and July, according to Senwes.

South Africa has exported at least 2.14mn MT of corn in the marketing year that began May 1, compared with 2.07mn MT in all of last season, according to industry body, South African Grain Information Service.


LATEST NEWS IN Agriculture

Gambia-Korea partnership seeks to double rice production to curb food insecurity

Gambia-Korea partnership seeks to double…

President Adama Barrow has received a delegation led by the Korean Ambassador to The Gambia, HE Kim Ji-Joon, at the State House in Banjul to announce the delivery of sample rice...

World Sustainability Organization chooses Zambia as the first African Sustainability Hub

World Sustainability Organization choose…

The World Sustainability Organization and Foundation (WSO&F) has signed a Memorandum of Understanding (MoU) with the Zambian Government, to make Zambia the African Sustainability Hub 

Rallying call to improve African and global cotton production

Rallying call to improve African and glo…

As the business of cotton production continues to attract global attention, there are concerns about how sustainable the practice of growing, harvesting, and production will be, especially for lower income...

Research and farming institution from Zimbabwe wins FAO Award

Research and farming institution from Zi…

The Food and Agriculture Organization of the United Nations (FAO) honoured three research and farming institutions, one of which was from Zimbabwe

Building community and ecological resilience through forest landscape restoration

Building community and ecological resili…

The Atebubu and Wiase Forest Landscape Restoration (FLR) Living Lab is offering a more resilient food system, greater income and the opportunity to restore nature to farmers living in the...

European Investment Bank to support increased rice production in Liberia

European Investment Bank to support incr…

The European Investment Bank is planning to support large-scale investment to increase rice production and enhance food security in Liberia

Prev Next

OTHER RELATED ARTICLES - Agriculture

Nutreco announces finalists for Feed&Food Tech Challenge

Nutreco announces finalists for Feed…

Nutreco has announced 15 finalists for the Nutreco Feed&Food Tech Challenge (NFTC)

US$19mn in agribusiness financing for East Africa

US$19mn in agribusiness financing for Ea…

The US has launched a US$19mn, five-year agribusiness financing plan targeting Kenya, Malawi and Tanzania

The new tillage professionals: SYNKRO stubble cultivators

The new tillage professionals: SYNKRO st…

The end of harvesting means the start of the next one, and after concluding a successful harvest, farmers start working on cultivating the soil

Lesotho's small farmers to benefit from IDA support

Lesotho's small farmers to benefit from …

Smallholder farmers and agricultural workers are becoming more productive with support from the Agriculture Development Project and the IDA 

IFC loans CEDIAM to support Mali’s mango sector

IFC loans CEDIAM to support Mali’s mango…

IFC, a member of the World Bank Group, has announced the recent disbursement of a loan to support expansion at Mali's leading mango processor, Centre d'Étude et de Développement Industriel...

ASPERELLO tops as effective biological control for Pythium in cucumber

ASPERELLO tops as effective biological c…

The biological fungicide ASPERELLO T34 Biocontrol is an effective control for Pythium, according to a research performed by Dr Marta Streminska, from the Wageningen University and Research Greenhouse Horticulture and...

Helios acquires 100 per cent stake in Fertilizers and Inputs Holdings

Helios acquires 100 per cent stake in Fe…

Africa’s private investment firm Helios Investment Partners has announced the acquisition of Fertilizers and Inputs Holding BV, aiming to improve agricultural yield in the country to contribute to Africa’s economic...

IIOT to increase revenue of agri-businesses by 14 per cent

IIOT to increase revenue of agri-busines…

The Industrial Internet of Things (IIoT) is set to make a sizeable contribution to the global economy by 2023, according to a new global study by Inmarsat, the world’s leading...

South Africa’s land reform reported slow

South Africa’s land reform reported slow

David Mabuza, deputy president of South Africa chaired the inaugural meeting of the inter-ministerial committee on land reform which aims to provide political oversight and oversee the implementation of cabinet...

Morocco and Mali aim to boost agricultural collaboration

Morocco and Mali aim to boost agricultur…

Morocco and Mali have agreed to promote bilateral agricultural co-operation with the latter supplying 10,000 hectares in the Office du Niger zone for agricultural use by Moroccan financiers

UNOP builds feeder roads in South Sudan

UNOP builds feeder roads in South Sudan

To improve food security, as well as to support trade and market development in South Sudan,  United Nations Office for Project Services (UNOPS) has constructed feeder roads – secondary roads...

Kenyan fears over potato imports

Kenyan fears over potato imports

The Kenyan Government’s decision to allow the import of potato tubers due to growing demands for French fries has been met with dismay by the country’s agricultural industry

Prev Next