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    Maize harvest forecast to drop 27% in 2018

    Farmers are likely to harvest a smaller maize crop in 2018, thanks to lower grain prices that came as a result of a bumper harvest in 2017.
    Vaughan Willis via
    Vaughan Willis via FreeImages

    In its first production estimate report for 2018, the crop estimates committee said on Tuesday that producers would harvest about 12.2 million tonnes of maize in 2018, which represents a 27% decrease from the season just passed.

    The area planted with maize also dropped 12.4% to 2.3 million hectares, according to preliminary estimates.

    In 2017, farmers harvested a record 16.8 million tonnes, an outcome that helped drive food prices significantly lower, helped by a much stronger rand.

    Food inflation moderated to an annual rate of 4.6% in January, from 4.9% in December, reflecting lower grain prices.

    Source: BDpro

    Source: I-Net Bridge

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