Maize and meat prices may soar if rain damage is severe, but it's still early days

Prices for maize and meat may spike due to the rain damage to grain crops this summer, but it is too early to tell how bad the impact will be.

The report draws from a survey conducted by Grain SA assessing the extent of the damage to maize and other grains caused by excessive rain this summer. The survey polled 434 farmers across the country, some of which have already suffered large-scale losses. Yellow maize has also been affected, with 14% of the farmers saying that they expect more than 60% of the yellow maize area will be affected. However, 10% said less than 20% would be damaged.

The Crop Estimates Committee of the South African Grain Information Service is expected to release its latest crop estimates for the maize industry on 27 February.

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