SA grains decline most in a week

File image: Reuters

File image: Reuters

Published Sep 11, 2014

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Johannesburg - Maize, wheat and sunflower seeds dropped the most in a week in Johannesburg trading.

White maize for December delivery declined 0.3 percent, the most since September 4, to 1,751 rand a metric ton by the midday close on the South African Futures Exchange.

The yellow variety for delivery in the same month lost 0.3 to 1,801 rand a ton, also the biggest loss in a week.

South Africa is the continent’s largest producer of maize.

The white grain is used to make a staple food known locally as pap, while yellow maize is mainly fed to animals.

Wheat for delivery in December fell 0.5 percent to 3,660 rand a ton, while sunflower seeds for September delivery dropped 0.5 percent to 4,185 rand a ton.

Both declines were the largest in a week. - Bloomberg News

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