South African Supply and Demand Estimates October 2020 Report


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WHITE MAIZE (2020/21 New Season) Supply: The total supply of white maize is projected at 8 957 033 tons for the 2020/21 marketing season. This includes an opening stock level (at 1 May 2020) of 473 964 tons and local commercial deliveries of 8 476 310 tons. No whole white maize imports are estimated for the new season, early deliveries of negative 1 241 tons and a surplus of 8 000 tons. Demand: The total demand (domestic plus exports) for white maize is projected at 7 749 500 tons. The total domestic demand is projected at 6 699 500 tons. This includes 5 150 000 tons processed for human consumption, 1 500 000 tons processed for animal and industrial consumption, 11 500 tons for gristing, 16 000 tons withdrawn by producers, 18 000 tons released to end-consumers and a balancing figure of 4 000 tons (net receipts and net dispatches). A projected export quantity of 200 000 tons of processed products and 850 000 tons of white whole maize is estimated for exports for the 2020/21 marketing season. Please note: When utilizing 45 days’ stock as a proxy, there is potential for 1 240 000 tons of white maize available for exports for the 2020/21 marketing season. Stock levels: The projected closing stock level at 30 April 2021 is estimated at 1 207 533 tons. At an average processed quantity of 555 125 tons per month, this represent available stock levels for 2.2 months or 66 days.

The NAMC, Maize Trust, Oil and Protein Seeds Development Trust, Sorghum Trust and Winter Cereal Trust jointly fund the Grain and Oilseeds Supply & Demand Estimates (S&DE) initiative.

2 YELLOW MAIZE (2020/21 New Season) Supply: The total supply of yellow maize is projected at 6 820 547 tons for the 2020/21 marketing season. This includes an opening stock (at 1 May 2020) of 526 637 tons and local commercial deliveries of 6 273 910 tons. No yellow maize imports estimated for the new season,no early deliveries and a surplus of 20 000 tons. Demand: The total demand (domestic plus exports) for yellow maize is projected at 6 141 000 tons. The total domestic demand is projected at 4 741 000 tons. This includes 600 000 tons processed for human consumption, 4 000 000 tons processed for animal and industrial consumption, 7 500 tons for gristing, 45 000 tons withdrawn by producers, 80 000 tons released to end-consumers and a balancing figure of 8 500 tons (net receipts and net dispatches). A projected export quantity of 100 000 tons of processed products and 1 300 000 tons of yellow whole maize is estimated for exports for the 2020/21 marketing season. Please note: When utilizing 45 days’ stock as a proxy, there is potential for 1 410 000 tons of yellow maize available for exports for the 2020/21 marketing season. Stock levels: The projected closing stock level at 30 April 2021 is estimated at 679 547 tons. At an average processed quantity of 383 958 tons per month, this represent available stock levels for 1.8 months or 54 days.

TOTAL MAIZE (2020/21 New Season) Supply: The total supply of maize is projected at 15 777 580 tons for the 2020/21 marketing season. This includes an opening stock (at 1 May 2020) of 1 000 601 tons and local commercial deliveries of 14 750 220 tons. No whole maize imports are estimated, early deliveries of negative 1 241 tons and a surplus of 28 000 tons. Demand: The total demand (domestic plus exports) for maize is projected at 13 890 500 tons. The total domestic demand is projected at 11 440 500 tons. This includes 5 750 000 tons processed for human consumption, 5 500 000 tons processed for animal and industrial consumption, 19 000 tons for gristing, 61 000 tons withdrawn by producers, 98 000 tons released to end-consumers and a balancing figure of 12 500 tons (net receipts and net dispatches). A projected export quantity of 300 000 tons of processed products and 2 150 000 tons of total whole maize is estimated for exports for the 2020/21 marketing season. Please note: When utilizing 45 days’ stock as a proxy, there is potential for 2 650 000 tons of total maize available for exports for the 2020/21 marketing season. Stock levels:

The projected closing stock level at 30 April 2021 is estimated at 1 887 080 tons. At an average processed quantity of 939 083 tons per month, this represents available stock levels for 2.0 months or 61 days. See Appendix 1 for detailed S&D table. An explanation of terms and calculations is available on the NAMC website (http://www.namc.co.za).

3 SWEET SORGHUM (2020/21 New Season) Supply: The total supply of sweet sorghum is projected at 140 663 tons for the 2020/21 marketing season. This includes an opening stock level (at 1 March 2020) of 52 163 tons, local commercial deliveries of 83 100 tons, imports of 4 000 tons for South Africa and a sweet sorghum surplus of 1 400 tons. Demand: The total demand (domestic plus exports) for sweet sorghum is projected at 130 930 tons. This includes 1 600 tons for indoor malting, 11 000 tons for floor malting, 100 000 tons for meal, rice and grits, 9 850 tons for feed, 780 tons withdrawn by producers, 800 tons released to end consumers, and a balancing figure of 900 tons (net receipts and net dispatches). A projected export quantity of 6 000 tons of sweet sorghum is estimated for exports for the 2020/21 marketing season. Stock levels: The projected closing stock level at 28 February 2021 is estimated at 9 733 tons. At an average processed quantity of 10 204 tons per month, this represent available stock levels for 1.0 months or 29 days.

BITTER SORGHUM (2020/21 New Season) Supply: The total supply of bitter sorghum is projected 78 845 tons for the 2020/21 marketing season. This includes an opening stock level (at 1 March 2020) of 8 260 tons, local commercial deliveries of 70 335 tons, no bitter sorghum imports and a surplus of 250 tons for South Africa. Demand: The total demand (domestic plus exports) for bitter sorghum is projected at 45 685 tons. This includes 7 000 tons for indoor malting, 33 000 tons for floor malting, 2 000 tons for meal, rice and grits, 815 tons for feed, 600 tons withdrawn by producers, 120 tons released to end consumers, a balancing figure of 150 tons (net receipts and net dispatches), and a zero deficit. A projected export quantity of 2 000 tons of bitter sorghum is estimated for exports for the 2020/21 marketing season. Stock levels: The projected closing stock level at 28 February 2021 is estimated at 33 160 tons. At an average processed quantity of 3 568 tons per month, this represent available stock levels for 9.3 months or 283 days.

TOTAL SORGHUM (2020/21 New Season) Supply: The total supply of sorghum is projected at 219 508 tons for the 2020/21 marketing season. This includes an opening stock level (at 1 March 2020) of 60 423 tons, local commercial deliveries of 153 435 tons, sorghum imports of 4 000 tons for South Africa with a surplus of 1 650 tons. Demand: The total demand (domestic plus exports) for sorghum is projected at 176 615 tons. This includes 8 600 tons for indoor malting, 44 000 tons for floor malting, 102 000 tons for meal, rice and grits, 10 665 tons for feed, 1 380 tons withdrawn by producers, 920 tons released to end consumers, a balancing figure of 1 050 tons (net receipts and net dispatches), and a zero deficit. A projected export quantity of 8 000 tons of total sorghum is estimated for exports for the 2020/21 marketing season. Stock levels: The projected closing stock level at 28 February 2021 is estimated at 42 893 tons. At an average processed quantity of 13 772 tons per month, this represent available stock levels for 3.1 months or 95 days. 

4 WHEAT (2020/21 New Season) Supply: The total supply of wheat is projected at 4 008 812 tons for the 2019/20 marketing season. This includes an opening stock level (at 1 October 2020) of 362 822 tons, local commercial deliveries of 2 096 990 tons, whole wheat imports estimated for South Africa of 1 540 000 tons and a surplus of 9 000 tons. Demand: The total demand (domestic plus exports) for wheat is projected at 3 569 600 tons. This includes 3 400 000 tons processed for human consumption, 3 000 tons processed for animal consumption, 1 300 tons withdrawn by producers, 1 800 tons released to end consumers, 19 000 tons projected seed for planting purposes and a balancing figure of 4 500 tons (net receipts and net dispatches). A projected export quantity of 35 000 tons processed products and 105 000 tons whole wheat is estimated for exports for the 2019/20 marketing season. Stock levels: The projected closing stock level at 30 September 2021 is estimated at 439 212 tons. At an average processed quantity of 283 583 tons per month, this represent available stock levels for 1.5 months or 47 days. 

SUNFLOWER SEED (2020/21 New Season) Supply: The total supply of sunflower seed is projected at 926 735 tons for the 2020/21 marketing season. This includes an opening stock level (at 1 March 2020) of 135 325 tons, local commercial deliveries of 785 910 tons, sunflower seed imports of 500 tons for South Africa and a surplus of 5 000 tons. Demand: The total demand (domestic plus exports) for sunflower seed is projected at 834 350 tons. This includes 1 700 tons processed for human consumption, 5 400 tons processed for animal consumption, 820 000 tons for crush (oil and oilcake), 650 tons withdrawn by producers, 1 100 tons released to end consumers, 3 650 tons seed for planting purposes and a balancing figure of 1 300 tons (net receipts and net dispatches). A quantity of 550 tons is estimated for exports for the 2020/21 marketing season. Stock levels: The projected closing stock level at 28 February 2021 is estimated at 92 385 tons. At an average processed quantity of 68 925 tons per month, this represents available stock levels for 1.3 months or 41 days.

SOYBEANS (2020/21 New Season) Supply: The total supply of soybeans is projected at 1 519 305 tons for the 2020/21 marketing season. This includes an opening stock level (at 1 March 2020) of 138 455 tons, local commercial deliveries of 1 228 250 tons, soybean imports of 150 000 tons for South Africa and a surplus of 2 600 tons. Demand: The total demand (domestic plus exports) for soybeans is projected at 1 398 200 tons. This includes 25 000 tons processed for human consumption, 160 000 tons processed for animal (full fat) feed, 1 200 000 tons for crush (oil and oilcake), 800 tons withdrawn by producers, 500 tons released to end consumers, 7 700 tons seed for planting purposes, and a balancing figure of 1 200 tons (net receipts and net dispatches). A quantity of 3 000 tons soybeans is estimated for exports for the 2020/21 marketing season. Stock levels: The projected closing stock level at 28 February 2021 is estimated at 121 105 tons. At an average processed quantity of 115 417 tons per month, this represents available stock levels for 1.0 months or 32 days.