Agricultural Market Viewpoint with Wandile Sihlobo

Grain abundance in South Africa bodes well for moderating food price inflation


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South Africa's 2024-25 summer grain and oilseeds production season was excellent. In its 9th production estimate, released on October 28, 2025, the Crop Estimate Committee raised South Africa's 2024-25 production by 1% from the September estimate to 20.08 million tonnes.

This figure comprises maize, soybean, sunflower seed, groundnuts, sorghum, and dry beans. The upward revision was mainly on maize, while other production estimates remained unchanged from the September figure.

The current estimate for the 2024-25 summer grain and oilseed season is up 30% from the previous season. There is an annual uptick in all the crops, mainly supported by favourable summer rains and the decent area plantings.

The base effects also help, as we struggled with a drought last year that weighed on the harvest. This ample crop will likely continue to put downward pressure on prices, which bodes well for a moderating path of consumer food price inflation.

Listen to the podcast for more information.

Richard Humphries and Sam Mkokeli produce this podcast. Wandile Sihlobo website
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