Latest crop estimate from South Africa shows that planted acreage is similar to last year, but contrary to last year the growing conditions are not good this year (late plantings due to dry weather, excessive rain during 1st stage of crop, followed again by a dry streak. And during harvest again some unwanted rain. Non irrigated fields facing yields between 500 and 700 kilo per HA). The official estimate reflects an expected crop of 68.400 tons, where we personally feel that this is based on too optimistic yields and does not consider losses that occur during harvest. But even if we follow the official estimate, it will give a close to 25% reduction and leaves room for imports as actual demand is around 100.000 tons.
South Africa: Latest estimate shows 25 per cent reduction in crop. bullish ↑BREAKING NEWS SOUTH AFRICAN CROP DOWN 25 PERCENT
