Favorable La Niña weather conditions in South Africa brought normal to above-normal rainfall during the corn planting period during October to December, leading to projected production of 16 million tonnes.
Only 186,000 bags have been delivered so far, a shortfall the CS attributed to hoarding
The larger maize area signals the potential for improved raw material supply in 2026, which could ease pressure on millers and feed manufacturers.
The revised price is higher than what most farmers received during the last harvest.
In a recent report, the Foreign Agricultural Service (FAS) of the US Department of Agriculture noted the potential for US corn sales in Bangladesh due to price competitiveness in marketing year 2025-26.