Commodity & Trade Updates

This shift in Morocco’s wheat sourcing is largely attributed to shortages in French wheat production.

South Africa’s maize output for the 2023-24 production season stands at approximately 13.34 million tonnes, down 26% for white maize and 12% for yellow maize.

During this period, a reduced customs duty of 5% will apply to corn imports, with individual shipments capped at 8,000 tons.

In addition to building new silos, the Grain Office will embark on a major renovation program for existing silos built since 1985.

Rice prices rose by 3.8 percent, finger millet grains surged by 10.1 percent, maize grains increased by 1.8 percent, sorghum flour by 4.0 percent, maize flour by 2.6 percent, and fresh beef by 0.8 percent.