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South Africa's 2022/23 summer crop harvest reached 20.74 million tonnes, up 6.8% year-on-year, with maize at 17.06 million tonnes. Early-2023 weather, extreme temperatures and loadshedding disrupted irrigation and forced some replanting before good rains recovered yields.
The FNB economist reviews 2023 agricultural performance and outlines the 2024 outlook.
A larger domestic maize crop eases South African feed grain supply and reduces the need for imports. Electricity constraints remain a risk to irrigated output.
bizcommunity.comPaul MakubeJan 8, 2024After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
