South Africa corn exports to reach E2,340 per metric ton
Prices expected to continue rising
South Africa corn exported to Swaziland will reach costs of E2,340 (US$330.56) per metric ton, up from E2,000 (US$282.53), according to Swaziland's National Maize Corporation, and prices are expected to continue increasing throughout the season due to an anticipated poor harvest and bad weather.
The NMC imports roughly 3,000 metric tons of corn for Swaziland from South Africa each month. “Consumers must brace themselves for a continued price increase of maize throughout the year," said NMC CEO Sipho Nxumalo. "Locals are failing to meet the year’s demand, hence we import from South Africa to try and meet the demand. South African maize prices have changed and we are compelled to increase the prices here."
Local farmers produce 75,000 metric tons of corn, but imports of at least 40,000 metric tons are still necessary to satisfy demand.