Agricultural Market Viewpoint with Wandile Sihlobo

Southern Africa's grain production rebounds


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The Southern Africa region is far better regarding food supplies today than a year ago. For example, Zambia's 2024-25 maize crop has bounced back. The government forecasts the harvest to be 3,66 million tonnes, up from 1,5 million tonnes the previous season. This is because of favourable weather conditions and the decent area plantings.

The harvest is underway in the country, and the message we are hearing about the quality of the crop remains encouraging. This also means Zambia could return to being a net exporter of maize as its domestic maize consumption is about 2,8 million tonnes, far surpassed by the expected harvest of 3,66 million tonnes.

Importantly, one can expect the domestic maize prices to continue moderating as the harvest continues, thus easing the general food price inflation.

Zambia is also not the only fortunate country in the Southern Africa region. The entire region received better rains, even excessive rains in some areas. We continue to hear encouraging news of the better grain harvest in Zimbabwe. For example, Zimbabwean farmers likely planted 1.7 million hectares of maize this year, slightly lower than last year but decent.

We will know more about the yields in the coming weeks and months. What is clear at the moment is that Zimbabwe will, too, have a better maize harvest compared to the 2023-24 drought year.

The South African story is even more optimistic. For example, South Africa's 2024-25 maize harvest is forecast at 14,66 million tonnes. There is an increase in white and yellow maize, with harvests now at 7,75 million tonnes and 6,91 million tonnes, respectively.

Overall, the maize harvest of 14,66 million tonnes is up 14% year-on-year, primarily benefiting from expected yield improvements on an annual basis. Importantly, these forecasts are well above South Africa's yearly maize needs of about 11,8 million tonnes, which implies that South Africa will have a surplus and remain a net exporter of maize.
The 2024-25 season is a positive change for Southern Africa's staple crop, maize. Importantly, it is encouraging to see Zambia bounce back. This country is vital in maize supplies to the region as the second largest producer after South Africa.

Listen to the podcast for more insights.

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