Bloomberg News

South Africa Corn Surplus to Drop on Low Rain, Business Day Says

June 29, 2012

Low rainfall in South Africa is expected to curb the nation’s corn surplus to 1 million metric tons, Business Day reported, citing Grain SA Chief Executive Officer Jannie de Villiers.

Yields per hectare are expected to be lower than last year, the Johannesburg-based newspaper said.

Of the expected output of 11 million tons of corn South Africa is expected to produce this season, at least 1 million tons will be for export, with Botswana, Lesotho, Namibia and Swaziland importing 400,000 tons, de Villiers said, according to the newspaper.

To contact the reporter on this story: Tshepiso Mokhema in Johannesburg at tmokhema@bloomberg.net

To contact the editor responsible for this story: Vernon Wessels at vwessels@bloomberg.net


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