/ 22 March 2000

MAIZE CROP TO EXCEED ESTIMATES

MAIZE futures traders expect the 1999/00 maize crop to come in at 9,33-million tons, well above the first official commercial crop estimate of 8,97-million tons in February. “We have had nearly perfect weather conditions for this crop and it is looking very, very good,” said a Johannesburg-based trader. “A lot of people planted very late and we could see those figures coming in.” The National Crop Estimates Committee (NCEC) will release its second summer grains estimate next Wednesday in Pretoria.