Agriculture
#Agbiz: CEC lifts South Africa's maize, soybeans harvest estimate─── ELSABÉ RICHARD 05:00 Tue, 06 Sep 2022
As usual on the Agri Hour, Wandile Sihlobo, chief economist at the Agricultural Business Chamber of South Africa, Agbiz, provides a weekly insert about the latest on the global as well as South African agricultural markets.
He also provides more information about the latest developments in the agricultural sector.
See PODCAST below
Sihlobo unpacks the Crop Estimates Committee’s (CEC) latest estimates for maize and soybeans.
“While our attention is shifting towards the upcoming 2022/23 summer crop season for South Africa, monthly updates from the 2021/22 season are worth monitoring. For example, last week, the CEC lifted its estimates for South Africa's 2021/22 maize production by 2% from July to 15,0 million tonnes.
“About 7,6 million are white maize, with 7,4 million being yellow maize. A harvest of 15,0 million tonnes is down by 8% from the 2020/21 season crop, but well above the 10-year average maize harvest of 12,80 million tonnes and annual domestic consumption of 11,80 million tonnes.
“Thus, this implies that South Africa will remain a net exporter of maize, which we anticipate to be about 3,0 million tonnes in the 2022/23 marketing season. On 19 August 2022, about 12,0 million tonnes of the expected 15,0 million tonnes harvest had already been delivered to commercial silos,” says Sihlobo.
He explains that they expect further deliveries to continue in the coming weeks.
“Another significant and most welcome adjustment in the data was the 1% increase in South Africa's soybeans harvest from July, estimated to a new record of 2,2 million tonnes. This large soybean harvest will help lessen South Africa's reliance on soybean oilcake imports.
“Sunflower seeds, unsurprisingly, was lowered for the third consecutive month by 5% from July estimates to 876 050 tonnes. Still, this is the third largest sunflower seed harvest on record. We suspected there would be a further monthly downward revision of the sunflower seed estimate because of the relatively lower (weekly) producer deliveries over the past few weeks. On 19 August, about 94% of the expected harvest was delivered.
“Aside from these major summer crops, the sorghum harvest is estimated at 123 700, dry beans harvest at 52 590 tonnes, and groundnuts are at 49 000 tonnes,” concludes Sihlobo.
