Dramatic drop in white maize price is bad news for farmers - economist

It was announced that there is a significant drop in the white maize price and it's bad news for farmers. Prices are almost 60% lower than last year.

The Crop Estimates Committee has revealed that the amount of maize cultivated over the past year is larger than the predicted forecast.

South Africa has produced about 13.9 million tons, nearly two million over the surplus needed.

Chief Economist at Agri-business Chamber, Wandile Sihlobo, says this is good news for consumers but not for farmers.

The crop we are expecting is about 13.9 million tons and in South Africa we only need about 10.5 million tons, so we have over 2 million tons surplus that we could be sitting with this year.

Chief Economist at Agri-business Chamber, Wandile Sihlobo

The guys planted aggressively because the higher prices that we saw toward the end of the year last year.

Chief Economist at Agri-business Chamber, Wandile Sihlobo

The focus will need to be on export markets over the coming months.

Chief Economist at Agri-business Chamber, Wandile Sihlobo

Click on the link below to listen to the full interview...


Recommended

by NEWSROOM AI
Read More
Wits Nehawu members down tools over salaries

Wits Nehawu members down tools over salaries

Nehawu Wits acting secretary Tumisho Madihlaba says negotiations with management deadlocked resulting in a strike.

May the Fourth be with you, a celebration of Star Wars Day

May the Fourth be with you, a celebration of Star Wars Day

May 4 marks "May the Fourth be with you," Day celebrated by fans George Lucas' fans of his Star Wars global movie franchise.

SA maize should be able to resist army worm - Stellenbosch University

SA maize should be able to resist army worm - Stellenbosch University

SA's maize, mostly genetically modified, is resistant to pests and plagues, says agriculture academic.

Maize and sweetcorn heavily affected by armyworm in Limpopo - Grain SA

Maize and sweetcorn heavily affected by armyworm in Limpopo - Grain SA

Scientists are still testing pesticides to kill the crop-eating fall armyworm recently detected in the country.

Food price drop likely due to heavy rains (but meat prices will remain high)

Food price drop likely due to heavy rains (but meat prices will remain high)

The recent rains seem to have brought relief to the agriculture, especially maize., says agricultural economist.

SA may soon again be net exporter of maize, if rains don't let up

SA may soon again be net exporter of maize, if rains don't let up

SA, Africa's largest maize producer suffered severely due to the drought. But the country could get back on top if rains continue.

Popular articles
Popular shoe brand Vans ask Ackermans to remove "knock-offs" from shelves

Popular shoe brand Vans ask Ackermans to remove "knock-offs" from shelves

Vans' brand manager says although this is a recurring problem its main concern is that this particular "fake" is a very close copy.

 'Having a senior official call Lindiwe Sisulu a prostitute is undiplomatic'

'Having a senior official call Lindiwe Sisulu a prostitute is undiplomatic'

Mail & Guardian Africa editor Simon Allison says its undiplomatic for a Rwandan official to call Sisulu names.

Evidence shows how ANC’s Danny Msiza allegedly benefited from VBS looting

Evidence shows how ANC’s Danny Msiza allegedly benefited from VBS looting

Msiza has now resigned from his position as ANC Limpopo treasurer general.

[Watch the latest adverts] Do you agree? Chicken Licken is the boss of Nando’s!

[Watch the latest adverts] Do you agree? Chicken Licken is the boss of Nando’s!

Chicken Licken’s latest ad flame-grills the most recent one by Nando’s, says Nicholas Kühne of Wunderbrand.

#CyrilOn702: 'I can assure your listeners that Thursday is confirmed'

#CyrilOn702: 'I can assure your listeners that Thursday is confirmed'

Head of Presidency Zizi Kodwa confirms Xolani Gwala's exclusive interview with President Cyril Ramaphosa will go ahead.

'Evidence is solid. Poor people’s money was used illegally. Shivambu benefitted'

'Evidence is solid. Poor people’s money was used illegally. Shivambu benefitted'

Ray White interviews Pauli van Wyk, an investigative journalist with Scorpio at Daily Maverick.