Yellow maize resumes decline

Comment on this story

Johannesburg - Yellow maize has resumed its declines in Johannesburg to a three-year low.

Wheat climbed.

Yellow maize for December delivery declined 0.4 percent to 1,785 rand a metric ton on the South African Futures Exchange in Johannesburg, the lowest settlement since July 12, 2011, after rising 0.1 percent on August 29.

Prices have been trading at or close to a three-year low since July.

Domestic production is set to be the largest since 1981, according to the government’s Crop Estimates Committee.

White maize dropped 0.6 percent to 1,744.60 rand a ton.

Wheat for delivery in December rose 0.2 percent to 3,659 rand a ton.

Wheat production is seen falling 4.8 percent to 1.78 million tons this year, the smallest since 2010, the government said on August 27. - 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