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Yellow maize falls to 3-week low

Johannesburg - South African yellow maize futures fell to the lowest level in three weeks by the close of trading in Johannesburg.

Wheat also dropped.

File image: Reuters. Credit: REUTERS

Yellow maize for delivery in July decreased 0.2 percent to 1,951.20 rand a metric ton, the lowest since May 30 on the South African Futures Exchange.

The white variety fell 0.3 percent to 1,841.20 rand a ton.

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

Meal from white maize is used to make a staple food known as pap.

The yellow variety is used in animal feed.

Wheat for July delivery fell for the fourth consecutive session and was down 0.5 percent at 3,785 rand a ton. - Bloomberg News

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