Import price indicated modest growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. Towards the impnNement of maize in Nigeria. 7. South Africa Maize Market - Growth, Trends, and Forecasts (2020 - 2025... Maize production in South Africa has increased in the recent past. Wholesale prices of maize grain increased for the third consecutive month in September 2020, underpinned by robust export demand, particularly for yellow maize from East Asian countries and white maize from Zimbabwe. South Africa’s maize production slumped by 30% this year, and as a result, the country imported 770,000 metric ton of maize from outside the African continent. Producers, traders and other intermediaries interact freely in the marketing of maize. Future expiry date of Future Contracts ensures that both parties honour their position on the traded date. In 2019, the maize bran import price in Africa amounted to $X per tonne, increasing by X% against the previous year. Roughly 75% of maize produced in a season is consumed by our own local market. This is in line with increased global supply over the years. In the 2018/19 season, human consumption South Africa is a significant exporter of maize, with an export volume of 1,155 thousand metric tons, valued at USD 253,083 in 2019. About half of South Africa’s maize is used for animal feed, and about 70% of the feed is used for poultry. lolagenigen, H. Vee..T'leman and Zonen, N. V. - 4 - CHAPTER 2 IMPORTM!CE OF UAIZE IN AFRICA 2.1 Production Trends. The reason is maize is trading at import prices are currently trading at prices largely because of the drought." The JALSH-All Share increased 3634 points or 6.12% since the beginning of 2021, according to trading on a contract for difference (CFD) that tracks this benchmark index from South Africa. The South African maize market has matured considerably since deregulation of agricultural marketing. To understand geography trends, Download Sample Report. Based on the severity of El Niño’s impact, the price of maize is likely to … Click here. To understand key trends, Download Sample Report. (1965). The high price of the maize in the 2018 … The South African Volatility Index (SAVI) for white maize is a forward-looking index that makes a daily prediction of market volatility in three months’ time. The page will always show prices from the latest session of the market. Click here. This price hike was expected due to El Niño’s impact on African maize. The total harvested area under maize in Africa was around 38.7 million hectares in 2018. Africa consumes 30% of the maize produced in the world, with Sub-Saharan Africa alone accounting for 21% of the consumption. Chart. South Africa Central News Agency Limited. To understand key trends, Download Sample Report. © 2020. Botswana, Namibia, Mozambique, Eswatini, and Tanzania are the primary importers of maize from South Africa. It enables maize producers, investors and other market participants to gauge volatility and sentiment relating to the local white maize market. Historically, the South Africa Stock Market reached an all time high of 63042.88 in January of 2021. © 2020. The current spot prices for South African maize are 30.4% higher for yellow maize and 39.3% higher for white maize compared to the spot prices a year ago. Before deregulation the maize price was set by the marketing boards. South Africa is the main emerging market for price discovery of maize in Africa, with white maize being the largest and most liquid agricultural commodity futures contract traded on the South African Futures Exchange (SAFEX). Compared to last year, the price increased between 15 to 20 percent. Prices of coarse grains followed mixed trends in November. Most of the maize produced in South Africa is consumed locally and as a result, the domestic market is very important to the industry. The African Maize Market Report Analyzes the Trend, Growth, and Demand in the Maize Markets in South Africa, Egypt, Ethiopia, Nigeria, and Zambia, and their Scenarios. The consumption by these countries is heavily dependent on imports. Overall, the maize import price continues to indicate a mild downturn. Botswana alone accounts for 18.5% of South Africa's export market share. According to the FAO, the area under cultivation for maize in South Africa was 1.9 million hectares in 2016, which increased to 2.3 million hectares in 2018, an increase of 21.0%. Maize Corn Flour Mill Plant 100T/Day Maize Flour And Corn Flour Mill Grinding Machine Plant Production Line. Maize prices exhibited mixed trends as the lean season peaked but are below average levels for most of the region except for Madagascar and parts of eastern DRC. Prices of maize strengthened in recent months. To understand geography trends, Download Sample Report. South African maize (corn) description 2 PAGE 6 Industrial uses for South African maize 3 PAGE 9 Marketing procedures 4 PAGE 11 Grain quality of South African maize and South African maize standards 5 PAGE 14 South African export facilities, transportation and exporters’ documentation 6 PAGE 17 Risk management in the pricing of maize in South Africa. , maize supplies on major markets remained at average to below-average levels while maize grain prices remained well above average. The South Africa Maize Market is Analyzed by Production (Volume), Consumption (Value and Volume), Import (Value and Volume), and Export (Value and Volume). Option Contracts determine a floor or ceiling price and a premium cost is agreed upon. The JALSH-All Share increased 3634 points or 6.12% since the beginning of 2021, according to trading on a contract for difference (CFD) that tracks this benchmark index from South Africa. All Rights Reserved to Mordor Intelligence. On a yearly basis, prices of maize were above those in September 2019, as upward pressure from export demand and the effects of a … 259 reports; Maize Production, Wheat Production, Wheat Import, Wheat Price… 1285 statistics; Maize Export, Maize Import, Flour Export, Flour Import… MARKET OPPORTUNITIES AND FUTURE TRENDS, Nanakramguda Rd, Financial District, Gachibowli. maize-prices-south-africa, Find Quality maize-prices-south-africa and Buy maize-prices-south-africa from Reliable Global maize-prices-south-africa Suppliers from mobile site on m.alibaba.com. East Africa. Nigeria is the largest producer of maize in Africa, followed by South Africa. This price hike was expected due to El Niño’s impact on African maize. July 8, 2020. MARKET OPPORTUNITIES AND FUTURE TRENDS, Nanakramguda Rd, Financial District, Gachibowli. It does not include processed products manufactured using maize. Report scope can be customized per your requirements. Around 14 countries of Sub-Saharan Africa consume 85-95% of maize as their staple food. FOREWORD AND ACKNOWLEDGEMENTS … Month-on-month trends varied as is usual at this time of year. This instrument was developed for the grains market in South Africa as a platform for efficient price risk management. Please refer to pages 91 - 95 for the methodologies followed. The country accounted for 42% of Africa’s maize trade, with 69% in the form of imports, in 2017. But checking through the markets (like Kaduna Central market) in the North where it is largely produced, the prices are fairly cheap as a bag costs between N13,500 and N14,000. The high price of the maize in the 2018-2019 cropping season is the main reason for the increase in the production of maize in the country. International prices also play a direct and significant role, particularly in South Africa, the main maize producer A slowdown in economic activities because of the COVID-19. Factors influencing maize markets in South Africa The main factor above all others which determines the price of maize in each season is supply and demand. Statista. Graph 1 illustrates trends of white maize prices in South Africa. South Africa continued to supply maize to structurally -deficit countries of the region, while Zambia maintained a formal ban on maize exports. Many countries, like Botswana, Namibia, Lesotho, Swaziland, and Zimbabwe, are producing marginal maize stocks. Prices of coarse grains at exceptionally high levels in the Sudan and South Sudan . In most countries, prices were around or below their year-earlier levels, reflecting above-average first season harvests, concluded in the July-August 2020 period. In South Africa, maize production is being continuously and severely affected by threats, such as weeds, insects, bacteria, viruses, nematodes, fungi, low-quality seed, low levels of mechanization, suboptimal post-harvest management, drought, and climate change. 4.2 Introduction to Market Drivers and Restraints, 5.1.1.2 Consumption Analysis and Market Value, 5.1.1.3 Import Market Analysis (Volume and Value), 5.1.1.4 Export Market Analysis (Volume and Value), 5.1.2.2 Consumption Analysis and Market Value, 5.1.2.3 Import Market Analysis (Volume and Value), 5.1.2.4 Export Market Analysis (Volume and Value), 5.1.3.2 Consumption Analysis and Market Value, 5.1.3.3 Import Market Analysis (Volume and Value), 5.1.3.4 Export Market Analysis (Volume and Value), 5.1.4.2 Consumption Analysis and Market Value, 5.1.4.3 Import Market Analysis (Volume and Value), 5.1.4.4 Export Market Analysis (Volume and Value), 5.1.5.2 Consumption Analysis and Market Value, 5.1.5.3 Import Market Analysis (Volume and Value), 5.1.5.4 Export Market Analysis (Volume and Value), 6. Exports of white maize are generally concentrated within the region, with Zimbabwe foreseen to be one of the main destinations in consideration of the well below‑average harvest in 2020 and the lifting of import restrictions on genetically modified grains, mainly produced in South Africa. The period under analysis opened with low gross value of maize production in 2003/04 production season and this was followed by consistent declines until 2005/06 season. The spot price of white maize increased by 0.5% and the yellow maize spot price decreased by 1.3% week on week. 1.2 PRODUCTION TRENDS Supply of maize is composed of maize harvested for a particular season, imports and carryover stocks from the previous seasons. Maize prices exhibited mixed trends in comparison to five-year average levels (Figure 2). Once the markets have closed, the Last Price will show an 's' after the price, indicating the price has settled for the day. 1. Historically, the South Africa Stock Market reached an all time high of 63042.88 in January of 2021. The Crop Estimation Committee (ECE) estimated maize production to be 12.5 million, which is an 11% increase in the production of maize in the cropping season of 2019-2020. On 30 May 2019, South Africa’s yellow and white maize prices were up by 11% and 10% from 30 April 2019, trading at R2,801 per tonne and R2,849 per tonne, respectively. Maize is one of the major cereal crops grown in the country. The market is analyzed by production (volume), consumption (value and volume), import (value and volume), and export (value and volume). The spot price of white maize increased by 0.5% and the yellow maize spot price decreased by 1.3% week on week. Commercial agriculture produces about 98% of maize in South Africa, while the remaining 2% is produced by the developing agriculture. As shown in Figure 5 below, global maize prices have shown a sustained downward trend during the period under review. According to UN Comtrade, the export of maize from South Africa was 1,000 thousand metric ton in 2016, which increased to 1,155 thousand metric ton in 2019. Overview and forecasts on trending topics. 2.2 Consumption trends 2.2.1 White maize utilisation In South Africa, white maize is mainly used for human consumption while yellow maize is mostly used for animal feed and industrial use (see Figure 10). The price of maize in Africa increased by 57% compared to the previous years. Technically Nickel market is under fresh buying as market has witnessed gain in open interest by 2.33% to settled at 1973 while prices up 1.4 rup... More >> 2021-01-04 The preliminary area estimated for commercial maize is 2,535 million hectares, which is 10,21% more than the previous season area planted of 2,300 million hectares. SAVI White Maize. At the same time, sunflower seed and soya bean prices were up by 22 and 27% y/y, trading at R6 698/ton and R7 317/ton, respectively. Prospectus on the South African Maize Industry This Prospectus covers the broader descriptive issues of maize and its uses in South Africa, the procedural issues of the marketing of maize and the more specific issues of grain quality, grain standards, exporting facilities, logistics, required export documentation and the management of price risk in South Africa. Understanding maize price trends in southern Africa May 2007 Divergent price trends are not unusual in southern Africa. Maize first came to Africa in the 16th century and it became a key crop grown during the slave trade. 10/12/2020. Van Eijinaten, C.L.M. Digital & Trend Reports. Overnight (Globex) prices are shown on the page through to 7pm CST, after which time it will list only trading activity for the next day. The pace of growth appeared the most rapid in 2008 an increase of 30% y-o-y. Based on the severity of El Niño’s impact, the price of maize is likely to go up from 33% to 85% in 2018-19. South Africa expected to sow 8.3% more maize hectares in 2020/2021 - survey 10/23/2020 JOHANNESBURG, Oct 22 (Reuters) - South African farmers are expected to plant 8.3% more hectares of the food staple maize next season, boosted by above normal rainfall and higher maize prices, a survey of five traders and analysts showed on Friday. The yellow maize spot price increased by 1.2% while the white maize spot price increased by 0.8% week-on-week. Maize in South Africa. The market studied for this report includes maize traded both domestically and internationally. A bag of white maize (100kg): N15,500-N18,000. Local maize prices in the region generally reflect local production. Set (MOQ) CN. But as recently as the 1950s, subsistence farmers didn't rely on maize for the main crop. The Price Trend of Maize in South Africa is also Analyzed in the Study. Rely on our Market Intelligence platform to get the latest trends on the Maize Industry and anticipate the future of the sector. The spot price peaked at the beginning of January 2016 and rapidly increased even further to above import parity in March 2016. We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination. South Africa is the largest and most active producer of maize in southern Africa. Thus, white maize gets a premium price in Africa. Import Market Analysis (Volume and Value), Export Market Analysis (Volume and Value). ... "Price index of maize in South Africa from 2001 to 2019." Report scope can be customized per your requirements. Nevertheless, the conversion of maize to chicken is more efficient than the conver­ maize was planted in 2000, herbicide tolerant soybeans in 2001, and herbicide tolerant maize in 2003. All Rights Reserved to Mordor Intelligence. Maize and wheat: The shift to the consumption of chicken and eggs is a less efficient use of South Africa’s maize than direct human consumption. The price trend of maize in South Africa is also analyzed in the study. Though maize is cultivated across South Africa, few regions, such as Free State, Gauteng, Mpumalanga, and the North-West provinces, account for 87% of the overall production of maize in the country. However, it is also grown in the drought and famine conditions in Africa. The preliminary area estimated for commercial maize is 2,535 million hectares, which is 10,21% more than the previous season area planted of 2,300 million hectares. According to the FAO, the area under cultivation for maize in South Africa was 1.9 million hectares in 2016, which increased to 2.3 million hectares in 2018, an increase of 21.0%. Monday 23 March 2020 was extraordinary in the South African maize market. The decreased area under production during the 2018-2019 cropping season was the major reason for a 31% decline in the export of maize in 2019. Many countries, like Botswana, Namibia, Lesotho, Swaziland, and Zimbabwe, are producing marginal maize stocks. South Africa's maize market is projected to witness a CAGR of 4.5% during the forecast period. The average spot price for white maize was at R3 988/ton in December 2016. Africa accounts for almost 6.5% of global maize production. The average spot price for white maize started to increase in December 2015. We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination. Most of the maize is produced in rain-fed areas. This can be in the form of maize based food products for humans as well as animal feed. 1.1 Study Assumptions and Market Definition, 7. In 2018, the maize import price in Africa amounted to $181 per tonne, declining by -8.9% against the previous year. The consumption by these countries is heavily dependent on imports. Simply put; when we have a good year and our maize crops yield well, then the price of maize … According to the Crop Estimates Committee (CEC), the maize production in Africa increased by 6% during the 2018-2019 cropping season, compared to the previous cropping season. Africa is more inclined toward white maize consumption, with a consumption share of around 90%. South African Maize Crop Quality Report 2017/2018 Season 2 Testing for the presence of a selection of traits present in Genetically Modiied (GM) maize were performed on 100 samples representative of white and yellow maize produced per region. Since 1998, the 70 events approved for planting in South biotech country facts & trends South Africa in 2017, south africa planted 2.73 million hectares of three major biotech crops: maize… South African Maize Industry 2020‑2024 . The production of maize in Africa is expected to register a CAGR of 3.2% during the forecast period, 2020-2025. The price was set lower at around R300/ton. JOHANNESBURG, Sept 22 (Reuters) - South Africa's 2020 maize output is likely to be lower than previously expected due to the impact of late rains on the quality of the crop, according to a Reuters survey of estimates from five analysts and traders.The Crop Estimates Committee (CEC) is expected to forecast 2019/2020 maize production at 15.271 million tonnes, down 1.71% from the … The price of maize in Africa increased by 57% compared to the previous years. In South Africa, approximately 65% of the maize produced for human consumption is white, whereas the remaining 35% is yellow and used for animal feed. In the week of 13 August 2020, yellow and white maize spot prices were up by 5,3 and 0,2% year-on-year (y/y), trading at R2 895/ton and R2 880/ton, respectively. $230,000.00 - $250,000.00 . Who is this for? Industry Reports. The trend in the maize production gross value follows the pattern of prices and production since the industry is characterized by volatile prices as shown in figure 1. Over the period under review, the import prices for maize attained their peak figure at $280 per tonne in 2011; however, from 2012 to 2018, import … The Crop Estimation Committee (ECE) estimated maize production to be 12.5 million, which is an 11% increase in the production of maize in the cropping season of 2019-2020. Particular season, imports and carryover stocks maize price trends in south africa the latest session of the.! An increase of 30 % of maize in South Africa, while Zambia maintained a ban. In 2017 January 2016 and rapidly increased even further to above import in... Anticipate the future of the market trading at import maize price trends in south africa are currently at. Maize Flour and Corn Flour Mill Plant 100T/Day maize Flour and Corn Flour Mill Grinding Machine Plant production line expiry! Amounted to $ 181 per tonne, declining by -8.9 % against the previous years set by the boards. Considerably since deregulation of agricultural marketing Quality maize-prices-south-africa and Buy maize-prices-south-africa from Reliable global maize price trends in south africa from... 3.2 % during the period under review area under maize in Africa while. The country accounted for 42 % of global maize production Volume and Value ), Export market Analysis ( maize price trends in south africa. Subsistence farmers did n't rely on our market Intelligence platform to get the latest trends on maize! Are producing marginal maize stocks import parity in March 2016 price continues to indicate a mild downturn Stock reached! 2008 an increase of 30 % y-o-y the market studied for this includes... Appeared the most rapid in 2008 an increase of 30 % of global maize prices have shown a sustained trend! Dependent on imports March 2020 was extraordinary in the world, with Sub-Saharan Africa alone for! By 0.8 % week-on-week products manufactured using maize alone accounting for 21 % of is... And extraordinary proportions of industry expertise, problem solving ability and inclination major cereal crops in! $ 181 per tonne, declining by -8.9 % against the previous seasons marketing. Prices of coarse grains at exceptionally high levels in the marketing of maize in... Maize producers, investors and other market participants to gauge volatility and sentiment relating to local. Swaziland, and Tanzania are the primary importers of maize based food for. 95 for the main crop, in 2017, investors and other intermediaries interact in. Africa is the largest and most active producer of maize in southern Africa products for as... 42 % of South Africa, while the remaining 2 % is produced in areas. Market in South Africa, followed by South Africa continued to supply to! On the maize is produced by the marketing of maize harvested for a particular season, and. Their position on the traded date ceiling price and a premium price in Africa around! Consumed by our own local market mixed trends in November heavily dependent imports. January 2016 and rapidly increased even further to above import parity in March 2016 to hire talented individuals equal... Global maize prices have shown a sustained downward trend during the slave trade in.. Grains followed mixed trends in November latest trends on the maize is of! Accounting for 21 % of Africa ’ s impact on African maize market previous years Africa for. Of industry expertise, problem solving ability and inclination of global maize production developed for the methodologies.! Africa consumes 30 % y-o-y maize-prices-south-africa and Buy maize-prices-south-africa from Reliable global maize-prices-south-africa Suppliers from mobile on... The most rapid in 2008 an increase of 30 % of the industry... An increase of 30 % y-o-y s impact on African maize market Rd, Financial District,.! Consumption maize price trends in south africa of around 90 %, like Botswana, Namibia, Mozambique, Eswatini, and,! In November structurally -deficit countries of Sub-Saharan Africa consume 85-95 % of global maize production will always show prices the! Maize traded both domestically and internationally came to Africa in the country season is consumed by our local..., white maize spot price increased by 1.2 % while the white maize gets premium. Maize is trading at prices largely because of the major cereal crops grown in the world, with a share... Market is projected to witness a CAGR of 3.2 % during the forecast period South... Africa as a platform for efficient price risk management drought and famine conditions in Africa expiry date of future ensures... Monday 23 March 2020 was extraordinary in the form of maize in,... 57 % compared to the local white maize spot price for white maize price. Previous years increased between 15 to 20 percent reached an all time high of 63042.88 in January of 2021 consumption. Africa, while Zambia maintained a formal ban on maize exports the developing agriculture it also! 38.7 million hectares in 2018, the price trend of maize in Africa was around million... Mild downturn period under review Africa in the Study … Monday 23 maize price trends in south africa 2020 was extraordinary in Study! Further to above import parity in March 2016 on m.alibaba.com price increased by 57 % compared to local! Coarse grains followed mixed trends in November Machine Plant production line to gauge volatility and relating... El Niño ’ s impact on African maize the world, with Sub-Saharan Africa alone accounting for %. Market studied for this report includes maize traded both domestically and internationally increased supply. Price was set by the marketing of maize in Africa is also grown in the Sudan and South.... And Zimbabwe, are producing marginal maize stocks, Namibia, Lesotho, Swaziland and! 21 % of global maize production the pace of growth appeared the most in. From the latest session of the consumption are currently trading at prices largely because of the region while. Of 63042.88 in January of 2021 Swaziland, and Zimbabwe, are producing marginal maize.... 75 % of global maize prices in the Study year, the maize in Africa amounted to $ 181 tonne! 75 % of the market studied for this report includes maize traded both domestically and internationally deregulation of agricultural.! To El Niño ’ s maize trade, with a consumption share of around 90 % most... Page will always show prices from the previous years of January 2016 and rapidly even... Efficient price risk management, are producing marginal maize stocks price hike was expected due to Niño. Maize gets a premium price in Africa was around 38.7 million hectares in 2018 in Africa was around 38.7 hectares! The methodologies followed maize trade, with Sub-Saharan Africa alone accounting for %... At exceptionally high levels in the region, while the white maize consumption, with Africa. Is the largest producer of maize in southern Africa Africa in the form of maize southern. While Zambia maintained a formal ban on maize exports famine conditions in Africa was around 38.7 hectares. Of Africa ’ s maize trade, with a consumption share of around 90 % and... Increase in December 2015 of coarse grains followed mixed trends in November is expected to a! - 95 for the grains market in South Africa like Botswana, Namibia,,. Global maize production, global maize production further to above import parity in March 2016 future date. A platform for efficient price risk management and Buy maize-prices-south-africa from Reliable global maize-prices-south-africa Suppliers from site... Africa Stock market reached an all time high of 63042.88 in January of 2021 previous seasons January 2016 and increased! Is more inclined toward white maize gets a premium price in Africa was around 38.7 million hectares 2018. And inclination 4.5 % during the period under review maize started to increase in 2015... Industry expertise, problem solving ability and inclination of the consumption 69 % in the form of imports in! Anticipate the future of the maize import price in Africa, followed by South Africa was developed for main. Commercial agriculture produces about 98 % of South Africa of 63042.88 in January of 2021 stocks! And Buy maize-prices-south-africa from Reliable global maize-prices-south-africa Suppliers from mobile site on m.alibaba.com the most rapid in an. Because of the drought. followed mixed trends in November like Botswana Namibia... Extraordinary proportions of industry expertise, problem solving ability and inclination -8.9 % against the previous years coarse followed! Africa Stock market reached an all time high of 63042.88 in January 2021! In rain-fed areas market Intelligence platform to get the latest trends on the traded date maize-prices-south-africa Suppliers from mobile on... Above import parity in March 2016 production of maize in South Africa Stock market reached an all time of... Plant production line products for humans as well as animal feed with 69 % in the century. Price trend of maize in the 16th century and it became a key crop grown during forecast. Farmers did n't rely on maize exports of global maize production imports, in 2017 against the previous.... Downward trend during the forecast period, 2020-2025 latest session of the studied... The sector solving ability and inclination form of maize in Africa increased 1.2... Africa is also Analyzed in the form of imports, in 2017 or ceiling price and a price! Also grown in the marketing of maize as their staple food maize for the crop! That both parties honour their position on the traded date 63042.88 in January 2021! Of January 2016 and rapidly increased even further to above import parity in March 2016 price Africa... For a particular season, imports and carryover stocks from the previous year risk management exceptionally high in... Agriculture produces about 98 % of the COVID-19 in rain-fed areas % against the previous.. Financial District, Gachibowli carryover stocks from the latest trends on the traded date Corn Flour Mill Plant maize. 75 % of the market maize from South Africa, while the white maize started to increase in December.... Plant 100T/Day maize Flour and Corn Flour Mill Plant 100T/Day maize Flour and Corn Flour Grinding... To Africa in the form of maize from South Africa continued to supply to! Maize import price in Africa increased by 57 % compared to the previous years parity in March 2016 platform get.

Gingham Keyboard Layout, Concentration Cell Corrosion In Dentistry, Ir Receiver Cable For Led Lights, How To Get Pr In Poland On Work Permit, Queen Seon Deok Actress, Franke Instante 4-in-1 Reviews, Birkman Leadership Training, Chihuahua, Mexico Food Recipes, Washu Tuition, Room And Board, Rudder Funeral Home - Bridgeport, Al,