Bloomberg News

South Africa Raises Its Corn Crop Forecast to 11 Million Tons

June 23, 2011

June 23 (Bloomberg) -- South Africa, the biggest corn producer on the continent, increased its forecast for this season’s harvest of the grain after rains helped crop growth.

The government’s Crop Estimates Committee expects farmers to reap 11 million metric tons of the grain this season, up from a previous estimate of 10.99 million tons, according to spokeswoman Marda Scheepers.

The committee’s white corn forecast was reduced to 6.369 million tons and the yellow corn estimate increased to 4.629 million tons, she said by phone from Pretoria today.

The Crop Estimates Committee was expected to leave its forecast unchanged, according to the median estimate of 13 traders surveyed by Bloomberg News. Forecasts ranged from 10.74 million tons to 11 million tons.

--Editors: Gordon Bell.

To contact the reporter on this story: Alastair Reed in Johannesburg on areed12@bloomberg.net

To contact the editors responsible for this story: Amanda Jordan at ajordan11@bloomberg.net


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