SA corn and wheat show declines

Comment on this story


Copy of CornField

Reuters

Johannesburg - Corn and wheat futures declined in Johannesburg by the midday close.

White corn fell 0.5 percent to 2,157 rand ($201) a metric ton on the South African Futures Exchange. The yellow variety lost 0.04 percent to 2,244 rand a ton.

South Africa is the continent's largest producer of corn. White corn is the source for a meal that's a staple food in the country, while the yellow variety is mainly fed to animals.

Wheat dropped 0.1 percent to 3,901 rand a ton.

The nation is a net importer of wheat and sub-Saharan Africa's largest grower after Ethiopia, according to the U.S. Department of Agriculture.

Bloomberg


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.

     

Join us on

IOL-Social networks IOL-Social networks IOL-Social networks IOL-Social networks
Sudoku