Yellow maize falls to lowest in a month

Johannesburg - Yellow corn in South Africa settled at the lowest price in more than a month in Johannesburg trading.

Wheat also declined.

File image: Reuters. Credit: REUTERS

Yellow corn for delivery in July dropped 0.7 percent to 2,180 rand a metric ton, the lowest since March 27, by the midday close on the South African Futures Exchange.

The white variety decreased 0.3 percent to 2,085 rand a ton.

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

A meal made from the white variety is used to make a staple food, while the yellow type is mainly fed to animals.

Wheat for delivery in July declined 0.2 percent to 3,980 rand a ton. - Bloomberg News