HomeBusiness DigestZim gets half of SA maize exports

Zim gets half of SA maize exports

Staff Writer

SOUTH Africa exported 19 203 tonnes of white maize to neighbouring countries last week, with almost half going to Zimbabwe, the SA Grain Information Service said on Wednesday.

The rest of the white maize went to Botswana, Lesotho, Mozambique, Namibia and Swaziland. South Africa also exported 914 tonnes of yellow maize to its neighbours last week.

During the week, South Africa bought 22 615 tonnes of wheat from Argentina and exported 1 995 tonnes of its own wheat to Botswana.

A regional drought is feeding demand for local maize after the biggest stockpiles in eight years drove prices to record lows.

South Africa has exported 659 105 tonnes of white maize, 62 422 tonnes of yellow maize and 90 030 tonnes of wheat this marketing year.

Another 95 442 tonnes of wheat have passed through local ports on their way to other countries. White maize for July delivery rose R8,40 to R558,40 a tonne yesterday, but it has fallen 52 % in the past year.

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