Market Update

An economist is a surgeon with an excellent scalpel and a rough-edged lancet, who operates beautifully on the dead and tortures the living. ~ Nicholas Chamfort

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WHITE MAIZE (2020/21 New Season)

Supply: The total supply of white maize is projected at 9 357 365 tons for the 2020/21 marketing season.

This includes an opening stock level (at 1 May 2020) of 481 589 tons and local commercial deliveries of 8 864 860 tons. No whole white maize imports are estimated for the new season, early deliveries of negative 1 084 tons and a surplus of 12 000 tons.

Demand: The total demand (domestic plus exports) for white maize is projected at 8 034 500 tons. The total domestic demand is projected at 6 764 500 tons. This includes 4 900 000 tons processed for human consumption, 1 810 000 tons processed for animal and industrial consumption, 10 500 tons for gristing, 20 000 tons withdrawn by producers, 20 000 tons released to end-consumers and a balancing figure of 4 000 tons (net receipts and net dispatches). A projected export quantity of 270 000 tons of processed products and 1 000 000 tons of white whole maize is estimated for exports for the 2020/21 marketing season.

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