Sunflower drops to 2 1/2-year low

Comment on this story
SunflowersYellow Reuters.

Johannesburg - Sunflower seeds in South Africa fell to the lowest level in more than 2 1/2 years in Johannesburg as maize also dropped.

Sunflower for delivery in September fell 1.3 percent to 4,189 rand a metric ton, the lowest settlement for a most-active contract since October 19, 2011, by the close on the South African Futures Exchange.

The nation’s Crop Estimates Committee will announce the seventh forecast for output of summer grains at 3:30 p.m. tomorrow.

Yellow maize for delivery in December decreased 0.6 percent to 1,842 rand a ton, while the white type fell 0.5 percent to 1,730 rand a ton.

South Africa is the continent’s largest producer of maize.

The white type is a staple food, while the yellow variety is mainly used to feed animals. - Bloomberg News

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines