South Africa's summer crop has better than expected despite fears at the start of the production season, when heavy rains threatened the yields, says agricultural economist Wandile Sihlobo.
Data released by the Crop Estimates Committee shows overall improvements in most crop production estimates compared February figures.South Africa's summer crop is not as bad as was feared at the start of the production season.
Data released by the Crop Estimates Committee shows overall improvements in most crop production estimates compared to February figures. "Still, the fact that supplies improved provides comfort as far as the availability of essential grains is concerned. The upside price movements bode well for farmers in areas that didn't experience much crop damage."
The latest maize crop estimate is still down 10% y/y, mainly due to a reduction in area plantings and expected lower yields in some regions. South Africa will likely remain a net exporter of maize in the 2022/23 year, which starts in May, according to Sihlobo. "The expansion in area plantings and expected better yields in some country regions are the major factors behind these expected relatively large harvests," says Sihlobo.
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