R/€ = 14.90
R/$ = 10.73
Au 1339.50 $/oz
Pt 1482.00 $/oz
Mar 23, 2005
SA maize prices fall ahead of crop estimateBack
Reuters|Human Rights Day|Crop Estimates Committee|South African Grain Information Service|Ericsson R520 Cell Phone
© Reuse this South African maize futures fell yesterday ahead of a crop estimate today that is expected to show a further rise in production, traders said.
Import and export figures which were supposed to be out yesterday, were delayed for a day because of Monday's Human Rights Day public holiday, the South African Grain Information Service said.
A Reuters poll of seven trading houses showed them expecting a 10,78-million ton projection from the Crop Estimates Committee today, well up from 2004's 9,48-million and also an increase on February's projection of 10,26-million tons.
"It definitely will have an effect," said one maize trader.
"Although the market is pretty comfortable at the moment. We're trading sideways in a range."
July white maize futures closed down R19 at R558/t yesterday, with the equivalent yellow maize contract off R17 to R610.
Traders said fundamentals still looked bearish, with a large surplus and limited export demand.
Most movement was technical and July white was trapped in a R520-R620 range. - Reuters.
Edited by: jenny furness© Reuse this Comment Guidelines
Recent Research Reports
Automotive 2014: A review of South Africa's automotive sector (PDF Report)
The report provides insight into the business environment, the key participants in the sector, local construction demand, geographic diversification, competition within the sector, corporate activity, skills, safety, environmental considerations and the challenges...
Construction 2014: A review of South Africa's construction sector (PDF Report)
Construction data released during 2013 hints at a halt to the decline in the industry during the last few years, with some commentators averring that the industry could be poised for recovery. However, others have urged caution, noting that the prospects for a...
Electricity 2014: A Review of South Africa's Electricity Sector (PDF Report)
This report provides an overview of the state of electricity generation and transmission in South Africa and examines electricity planning, investment in generation capacity, electricity tariffs, the role of independent power producers and demand-focused initiatives,...
Defence 2013: A review of South Africa's defence industry (PDF Report)
Creamer Media’s 2013 Defence Report examines South Africa’s defence industry, with particular focus on the key players in the sector, the innovations that have come out of the defence sector, local and export demand, South Africa’s controversial...
Road and Rail 2013: A review of South Africa's road and rail infrastructure (PDF Report)
Creamer Media’s Road and Rail 2013 Report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move...
Liquid Fuels 2013 (PDF Report)
Creamer Media’s 2013 Liquid Fuels report examines South Africa’s liquid fuels market, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing,...
This Week's Magazine
A structured approach, wherein managers personally engage at each level of the project, is necessary to mitigate delays to the workflow on mega construction projects, says State-owned Eskom Kusile power station projects GM Abram Masango. The 4 800 MW Kusile power...
Construction of transmission lines to evacuate power from a regional hydroelectric project in East Africa, which was hanging on the balance following the withdrawal of financing by key partners, is now back on track. After six months of uncertainty, the African...
Three Memorandums of Understanding (MoUs) were signed between South African and Malaysian companies at the Malaysian High Commission in Pretoria on Friday. These MoUs are part of the indirect offsets programme South Africa is providing in return for Malaysia’s...
The South African new vehicle market may well dip to 640 000 units in 2014, says Toyota South Africa Motors (TSAM) sales and marketing senior VP Calvyn Hamman. This is the first prediction that anticipates a drop in the market. To date economists and industry bodies...
Nissan will re-enter the South African minibus taxi industry in March, when the new NV350 Impendulo goes on sale. The 16-seater has been specifically tailored to meet the terms of government’s Taxi Recapitalisation Programme, which aims to replace South Africa’s...