PODCAST: There’s reason to be optimistic about the 2024/2025 maize production season
I’ve been vocal about the positive prospects for the 2024/2025 agricultural season in South Africa, given the expected La Niña rains. I continue to remain optimistic. But the reality is that we may have a late season. The good rains of the past few weeks have been scattered, and planting hasn’t gained momentum in any meaningful way across the country.
This has raised fears in the grains markets about another tough season, partly contributing to the surge in maize prices we are seeing on Safex. Of course, the fundamental driver of maize prices is that we have tight supplies because of the bad crop in the 2023/2024 season. ..
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