PRETORIA, SOUTH AFRICA Due to high stock levels that are suppressing prices, South Africa’s corn producers are expected to cut planted area by 10% to 2.1 million hectares in 2018-19, according to an Oct. 31 Global Agricultural Information Network report from the U.S. Department of Agriculture . As a result, the country’s corn production in 2018-19 is forecast to drop 11% from 13 million to 12 million tonnes and exports will decline from 2.5 million tonnes to 1 million tonnes, USDA said.
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Publish date : 2018-11-01 14:18:40