South African corn prices may reach 2 646 rand US$340 per ton in 2024 according to the agribusiness unit of bank Absa Group Ltd Prices of agricultural land in the
South Africa already exported million tons of corn in the first ten months of the 2024/12 MY of which million tons were white corn and 176 269 tons yellow corn Mexico continues to be a major market for South African white corn and 778 166 tons 66 percent of total exports of corn has been exported to Mexico see also Table 9
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The March contract for white corn added almost percent to a new record of 4 781 rand $307 a ton while the same contract for the yellow variety climbed
Corn producer South Africa to import the grain South Africa which typically is a net exporter of corn will need to import between 5 million and 6 million
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Corn prices in South Africa have surged after national stocks of the grain dropped 40% as of the end of November the biggest fall in at least a decade
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