The harvest process is in full swing across the country, supported by favourable weather conditions. The progress is reflected in the volumes of maize delivered to commercial silos which amounted to 929 761 tons in the week ending 06 July 2018, down by 11% from the previous week (ending 29 June 2018).
About 53% of this was white maize, with 47% being yellow maize. In contrast to the past couple of weeks when harvest progress was mainly in the central and eastern parts of the country, which predominantly produce yellow maize, this is now widespread as reflected by higher white maize deliveries.
The total maize deliveries for the first ten weeks of the 2018/2019 marketing year are estimated at 5,1 million tons, which equates to 39% of the estimated harvest of 13,2 million tons. Yellow maize accounts for 59% of overall maize deliveries, with white maize accounting for 41%.
Yesterday (11 July 2018), we cautioned about a possibility of harvest delays. However, the weather forecast has cleared over most parts of the maize belt, which means that the harvest process could continue with minimal interruptions over the next two weeks. The provinces that could possibly experience some delays during the next eight days could be the Eastern Cape, KwaZulu-Natal and the southern parts of the Free State.
Forecasts for the week ending 27 July 2018 show clear skies over most parts of the country which means the possible glitches in the aforementioned provinces could be temporary. Therefore, more maize will be delivered in the coming weeks. The yields in areas that have harvested largely varied between average and above average, which supports the national Crop Estimates Committee’s view. -Wandile Sihlobo, Agbiz
Wandile Sihlobo, head of economic and agribusiness intelligence at Agbiz, shares highlights in his update on agricultural commodity markets. Click here for the full report on agri markets for the major commodities.