Thursday, March 24, 2011

South Africa Cuts Corn Crop Forecast 1.9% on Dry Weather in Two Provinces

South Africa Crop Estimates Committee cut its forecast for corn harvest season by 1.9 percent due to drought in the Free State and Mpumalanga.
Farmers can produce 10.83 million metric tons of maize this season, Marda Scheepers, a commission spokesman, said by telephone from Pretoria today. latest forecast of the commission was for a harvest of 11.04 million tonnes.
The estimate of the white maize crop fell 1.6 percent to 6.26 million tonnes, while yellow corn forecast was reduced by 2.4 percent to 4.57 million tonnes, he said.
The median estimate of 11 grain traders surveyed by Bloomberg this week was for a total maize crop of 10.9 million tonnes.

(Source: http://www.bloomberg.com/news/2011-03-24/south-africa-cuts-corn-crop-forecast-1-9-on-dry-weather-in-two-provinces.html)

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