Maize

The price drop has been fueled by the influx of freshly harvested maize, with new stock entering the market at US$ 28.82 to US$ 34.58 per 50kg bag.

The project aims to improve data management and optimize the supply chain, ensuring better coordination between collection centers and government agencies.

The USDA report also forecasts a 6% rise in maize consumption, reaching 4.4 million metric tons.

This initiative aims to exploit the region’s potential to become a major maize producer.

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.