South Africa: Grain and Feed Update
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Due to relatively attractive local corn prices, progressive exports and favorable weather forecasts, South Africa is entertaining a positive outlook for the 2020/21 MY’s corn plantings. Post estimates South Africa’s commercial corn producers could plant 2.6 million hectares in the 2020/21 MY, sustaining an upward trend in corn plantings. As a result, South Africa may export about 2.0 million tons of corn under normal climatic conditions in the 2020/21 MY. In the current marketing year (2019/20 MY), after producing the second largest crop in history, South Africa is heading to 2.5 million tons of corn exports.