South Africa is an important player in the global maize market, ranked as the 9th largest exporter of maize in 2017, according to data from Trade Map. The countries that performed better than South Africa were the United States, Brazil, Argentina, Ukraine, Russia, France, Romania and Hungary. These countries collectively accounted for 88% of global maize exports in 2017.
South Africa accounted for roughly 2% of global maize exports. Most importantly, South Africa was the only African country in the top 24 leading global maize exporters. This year (2018), the country is likely to remain amongst the top maize exporters, as the volume of maize available for exports could amount to 2.3 million tons, down by 4% from the previous year (2017).
The leading markets for South Africa’s maize exports are Japan, Taiwan, Botswana, Zimbabwe, Swaziland, South Korea, Namibia, Lesotho and Mozambique, amongst others. These countries could remain the key markets this year. An addition on this list could be Spain. So far, Spain is a leading buyer of South Africa’s maize in the 2018/2019 marketing year.
We will get more details on export activity at midday today (15 May 2018) when SAGIS releases figures for the week ending 11 May 2018. – 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.