News Column

Agricultural futures

February 18, 2014

White maize for March, the most active contract, jumped by the R80 daily limit, or 2.6 percent, to R3 167 a ton by the midday close on the SA Futures Exchange. Yellow maize for July was unchanged at R2 251.

Stockpiles of the grain fell 25 percent at the end of December from a year earlier, according to the SA Grain Information Service.

"The maize is up to the limit R80 all due to the scarcity of the carry-over stock," Senwes'Thys Grobbelaar said. - Bloomberg

Pretoria News

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Source: Pretoria News (South Africa)

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