Johannesburg - South African maize prices ended higher in the first trading session of 2013 on a deal to avert the US fiscal cliff.
"Risky assets have gained globally on the US fiscal deal. Guys are chasing the price higher as they lost out on the low prices towards the end of last year‚" a local trader said.
The white maize contract for March 2013 delivery jumped R51 to R2‚186 per ton and the white maize contract for July 2013 added R47.20 to R2‚032 per ton.
The yellow maize contract for March 2013 delivery climbed R40 to close at R2‚279 per ton and the July yellow maize 2013 contract gained R58.80 to R2‚106.80 per ton.
The wheat contract for March 2013 was up R4 to close at R3‚499 per ton.
- I-Net Bridge