May 27, 2020
South Africa eyes higher 2020 corn crop
Corn farmers of South Africa are anticipated to reap more corn this year compared with the previous season because of favourable weather conditions, according to a Reuters survey on Tuesday.
South Africa's Crop Estimates Committee (CEC) is expected to forecast this year's corn production at 15.46 million tonnes, up from 11.275 million tonnes harvested in the previous year, an average estimate by five traders and analysts showed.
The estimate is also 1.57% higher than the CEC's latest forecast in April of 15.221 million tonnes.
The traders' estimates ranged from 15.3 million tonnes to 15.6 million tonnes.
"We expect higher yields in most regions of the country," said Wandile Sihlobo, chief economist for the Agricultural Business Chamber.
"At the moment, the focus is on the harvest activity in the country, although we are experiencing a late start of it."