Agricultural Market Viewpoint with Wandile Sihlobo

South Africa cushioned the southern Africa region from a maize supply crisis


Listen Later

At the end of April, we completed South Africa's 2024-25 marketing year for maize. This marketing year corresponds with the 2023-24 production season, which was challenged by the mid-summer drought and led to the 22% decline in South Africa’s maize harvest to 12,85 million tonnes.

The big help in that season came from the gains of the previous ones. For example, the season started with 2,40 million tonnes of opening/carryover stocks from the past season, ultimately boosting the available maize supplies in the country. This added to the harvest of 12,85 million tonnes. These overall maize supplies were against the domestic needs of 11,6 million tonnes, leaving the country with substantial maize for exports.

The available exports were of great help to the southern Africa region, which was severely hit by the drought. For example, Zimbabwe lost 60% of their maize crop, Zambia lost half of its crop, and other neighbouring countries experienced significant losses. This meant that there was increased reliance on South Africa.

Thankfully, South Africa was better placed to help export more maize. At the end of the 2024-25 marketing year in April 2025, South Africa had exported 2,2 million tonnes, substantially well above the long-term average levels. About 66% of these exports were white maize and 34% were yellow maize.

Several countries benefited from these exports, especially in southern Africa. But no country benefited more than Zimbabwe, which accounted for 57% of South Africa's maize exports between May 2024 and April 2025, or about 1.3 million tonnes of white and yellow maize.

South Africa was exporting to the southern African region, so it had to import to supplement supplies, mainly in the coastal areas. However, another factor behind the increase in imports was the price competitiveness of imports. South Africa ended the 2024-25 season with 938,116 tonnes of maize imports, which mainly originated in Argentina, Brazil, and the United States.

Still, when one accounts for these imports and exports of 2.2 million tonnes, it remains clear that South Africa was a net exporter of maize in the 2024-25 season. South Africa did not experience a massive decline in maize production as its neighbouring countries did, in part, because of the improved seed cultivars and arguably better farming methods.

Listen to the podcast for more insights.

Richard Humphries and Sam Mkokeli produce this podcast. Wandile Sihlobo website
...more
View all episodesView all episodes
Download on the App Store

Agricultural Market Viewpoint with Wandile SihloboBy The Xchange Platform


More shows like Agricultural Market Viewpoint with Wandile Sihlobo

View all
We Study Billionaires - The Investor’s Podcast Network by The Investor's Podcast Network

We Study Billionaires - The Investor’s Podcast Network

3,392 Listeners

Bloomberg Surveillance by Bloomberg

Bloomberg Surveillance

1,177 Listeners

HBR IdeaCast by Harvard Business Review

HBR IdeaCast

1,825 Listeners

The Money Show by Radio 702

The Money Show

35 Listeners

TED Business by TED

TED Business

1,111 Listeners

The Gareth Cliff Show by The Real Network

The Gareth Cliff Show

64 Listeners

UBS On-Air: Market Moves by Client Strategy Office

UBS On-Air: Market Moves

178 Listeners

BizNews Radio by BizNews

BizNews Radio

16 Listeners

On Purpose with Jay Shetty by iHeartPodcasts

On Purpose with Jay Shetty

27,967 Listeners

Thoughts on the Market by Morgan Stanley

Thoughts on the Market

1,288 Listeners

SMWX by Sizwe Mpofu-Walsh

SMWX

12 Listeners

MoneywebNOW by Moneyweb Radio

MoneywebNOW

6 Listeners

A Bit of Optimism by Simon Sinek

A Bit of Optimism

2,134 Listeners

Ideas That Matter Podcast by Vusi Thembekwayo by Vusi Thembekwayo

Ideas That Matter Podcast by Vusi Thembekwayo

128 Listeners

What Now? with Trevor Noah by Trevor Noah

What Now? with Trevor Noah

4,214 Listeners