THE SOUTH AFRICAN SUPPLY AND DEMAND PROJECTIONS FOR GRAINS AND OILSEEDS FOR FEBRUARY 2021-


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WHITE MAIZE (2020/21 Season) Supply: The total supply of white maize is projected at 8 789 223 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 8 292 500 tons. No whole white maize imports are estimated for the season, early deliveries of 18 759 tons and a surplus of 4 000 tons.

Demand: The total demand (domestic plus exports) for white maize is projected at 7 646 500 tons. The total domestic demand is projected at 6 461 500 tons. This includes 5 125 000 tons processed for human consumption, 1 300 000 tons processed for animal and industrial consumption, 11 500 tons for gristing, 12 000 tons withdrawn by producers, 9 000 tons released to end-consumers and a balancing figure of 4 000 tons (net receipts and net dispatches). A projected export quantity of 165 000 tons of processed products and 1 020 000 tons of white whole maize is estimated for exports for the 2020/21 marketing season.

Stock levels: The projected closing stock level at 30 April 2021 is estimated at 1 142 723 tons. At an average processed quantity of 536 375 tons per month, this represent available stock levels for 2.1 months or 65 days. Please note: When utilizing 45 days’ stock as a proxy, there is potential for 1 365 000 tons of white maize available for exports for the 2020/21 marketing season (provided there is efficient logistical capacity)

WHITE MAIZE (2021/22 New Season) Supply: The total supply of white maize is projected at 9 706 083 tons for the 2021/22 marketing season. This includes an opening stock level (at 1 May 2021) of 1 142 723 tons and local commercial deliveries of 8 559 360 tons. No whole white maize imports are estimated for the season, no early deliveries and a surplus of 4 000 tons.

Demand: The total demand (domestic plus exports) for white maize is projected at 7 812 000 tons. The total domestic demand is projected at 6 642 000 tons. This includes 5 100 000 tons processed for human consumption, 1 500 000 tons processed for animal and industrial consumption, 11 000 tons for gristing, 12 000 tons withdrawn by producers, 15 000 tons released to end-consumers and a balancing figure of 4 000 tons (net receipts and net dispatches). A projected export quantity of 170 000 tons of processed products and 1 000 000 tons of white whole maize is estimated for exports for the 2021/22 marketing season.

Stock levels: The projected closing stock level at 30 April 2022 is estimated at 1 894 083 tons. At an average processed quantity of 550 917 tons per month, this represent available stock levels for 3.4 months or 105 days. Please note: When utilizing 45 days’ stock as a proxy, there is potential for 2 080 000 tons of white maize available for exports for the 2021/22 marketing season (provided there is efficient logistical capacity).

YELLOW MAIZE (2020/21 Season) Supply: The total supply of yellow maize is projected at 6 888 146 tons for the 2020/21 marketing season. This includes an opening stock (at 1 May 2020) of 526 637 tons and local commercial deliveries 2

SUPPLY & DEMAND ESTIMATES of 6 351 500 tons. No yellow maize imports estimated for the season, 9 tons for the early deliveries and a surplus of 10 000 tons. Demand: The total demand (domestic plus exports) for yellow maize is projected at 6 454 500 tons. The total domestic demand is projected at 4 954 500 tons. This includes 600 000 tons processed for human consumption, 4 250 000 tons processed for animal and industrial consumption, 6 000 tons for gristing, 32 000 tons withdrawn by producers, 60 000 tons released to end-consumers and a balancing figure of 6 500 tons (net receipts and net dispatches). A projected export quantity of 130 000 tons of processed products and 1 370 000 tons of yellow whole maize is estimated for exports for the 2020/21 marketing season.

Stock levels: The projected closing stock level at 30 April 2021 is estimated at 433 646 tons. At an average processed quantity of 404 667 tons per month, this represent available stock levels for 1.1 months or 33 days.

YELLOW MAIZE (2021/22 New Season) Supply: The total supply of yellow maize is projected at 7 053 246 tons for the 2021/22 marketing season. This includes an opening stock (at 1 May 2021) of 433 646 tons and local commercial deliveries of 6 609 600 tons. No yellow maize imports estimated for the season, no early deliveries and a surplus of 10 000 tons.

Demand: The total demand (domestic plus exports) for yellow maize is projected at 6 492 500 tons. The total domestic demand is projected at 4 862 500 tons. This includes 600 000 tons processed for human consumption, 4 150 000 tons processed for animal and industrial consumption, 6 000 tons for gristing, 35 000 tons withdrawn by producers, 65 000 tons released to end-consumers and a balancing figure of 6 500 tons (net receipts and net dispatches). A projected export quantity of 130 000 tons of processed products and 1 500 000 tons of yellow whole maize is estimated for exports for the 2021/22 marketing season.

Stock levels: The projected closing stock level at 30 April 2022 is estimated at 560 746 tons. At an average processed quantity of 396 333 tons per month, this represent available stock levels for 1.4 months or 43 days. TOTAL MAIZE (2020/21 Season) Supply: The total supply of maize is projected at 15 677 369 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 14 644 000 tons. No whole maize imports are estimated, early deliveries of 18 768 tons and a surplus of 14 000 tons.

Demand: The total demand (domestic plus exports) for maize is projected at 14 101 000 tons. The total domestic demand is projected at 11 416 000 tons. This includes 5 725 000 tons processed for human consumption, 5 550 000 tons processed for animal and industrial consumption, 17 500 tons for gristing, 44 000 tons withdrawn by producers, 69 000 tons released to end-consumers and a balancing figure of 10 500 tons (net receipts and net dispatches). A projected export quantity of 295 000 tons of processed products and 2 390 000 tons of total whole maize is estimated for exports for the 2020/21 marketing season.

Stock levels: The projected closing stock level at 30 April 2021 is estimated at 1 576 369 tons. At an average processed quantity of 941 042 tons per month, this represents available stock levels for 1.7 months or 51 days.

3 SUPPLY & DEMAND ESTIMATES TOTAL MAIZE (2021/22 New Season) Supply: The total supply of maize is projected at 16 759 329 tons for the 2021/22 marketing season. This includes an opening stock (at 1 May 2021) of 1 576 369 tons and local commercial deliveries of 15 168 960 tons. No whole maize imports are estimated, no early deliveries and a surplus of 14 000 tons.

Demand: The total demand (domestic plus exports) for maize is projected at 14 304 500 tons. The total domestic demand is projected at 11 504 500 tons. This includes 5 700 000 tons processed for human consumption, 5 650 000 tons processed for animal and industrial consumption, 17 000 tons for gristing, 47 000 tons withdrawn by producers, 80 000 tons released to end-consumers and a balancing figure of 10 500 tons (net receipts and net dispatches). A projected export quantity of 300 000 tons of processed products and 2 500 000 tons of total whole maize is estimated for exports for the 2021/22 marketing season.

Stock levels: The projected closing stock level at 30 April 2022 is estimated at 2 454 829 tons. At an average processed quantity of 947 250 tons per month, this represents available stock levels for 2.6 months or 79 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).

SWEET SORGHUM (2020/21 Season) Supply: The total supply of sweet sorghum is projected at 146 283 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 88 320 tons, imports of 5 200 tons for South Africa and a sweet sorghum surplus of 600 tons.

Demand: The total demand (domestic plus exports) for sweet sorghum is projected at 123 900 tons. This includes 2 200 tons for indoor malting, 10 800 tons for floor malting, 94 000 tons for meal, rice and grits, 10 800 tons for feed, 600 tons withdrawn by producers, 600 tons released to end consumers, and a balancing figure of 900 tons (net receipts and net dispatches). A projected export quantity of 4 000 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 22 383 tons. At an average processed quantity of 9 817 tons per month, this represent available stock levels for 2.3 months or 69 days.

SWEET SORGHUM (2021/22 New Season) Supply: The total supply of sweet sorghum is projected at 134 283 tons for the 2021/22 marketing season. This includes an opening stock level (at 1 March 2021) of 22 383 tons, local commercial deliveries of 106 300 tons, imports of 5 000 tons for South Africa and a sweet sorghum surplus of 600 tons.

Demand: The total demand (domestic plus exports) for sweet sorghum is projected at 125 200 tons. This includes 1 500 tons for indoor malting, 10 800 tons for floor malting, 97 000 tons for meal, rice and grits, 9 800 tons for feed, 600 tons withdrawn by producers, 600 tons released to end consumers, and a balancing figure of 900 tons (net receipts and net dispatches). A projected export quantity of 4 000 tons of sweet sorghum is estimated for exports for the 2021/22 marketing season.

4 SUPPLY & DEMAND ESTIMATES Stock levels: The projected closing stock level at 28 February 2022 is estimated at 9 083 tons. At an average processed quantity of 9 925 tons per month, this represent available stock levels for 0.9 months or 28 days.

BITTER SORGHUM (2020/21 Season) Supply: The total supply of bitter sorghum is projected 78 590 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 68 830 tons, no bitter sorghum imports and a surplus of 1 500 tons for South Africa.

Demand: The total demand (domestic plus exports) for bitter sorghum is projected at 52 735 tons. This includes 7 400 tons for indoor malting, 39 000 tons for floor malting, 2 200 tons for meal, rice and grits, 865 tons for feed, 1 400 tons withdrawn by producers, 220 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 1 500 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 25 855 tons. At an average processed quantity of 4 122 tons per month, this represent available stock levels for 6.3 months or 191 days.

BITTER SORGHUM (2021/22 New Season) Supply: The total supply of bitter sorghum is projected 90 245 tons for the 2021/22 marketing season. This includes an opening stock level (at 1 March 2021) of 25 855 tons, local commercial deliveries of 63 390 tons, no bitter sorghum imports and a surplus of 1 000 tons for South Africa.

Demand: The total demand (domestic plus exports) for bitter sorghum is projected at 54 910 tons. This includes 8 500 tons for indoor malting, 40 000 tons for floor malting, 2 200 tons for meal, rice and grits, 860 tons for feed, 1 500 tons withdrawn by producers, 200 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 1 500 tons of bitter sorghum is estimated for exports for the 2021/22 marketing season.

Stock levels: The projected closing stock level at 28 February 2022 is estimated at 35 335 tons. At an average processed quantity of 4 297 tons per month, this represent available stock levels for 8.2 months or 250 days

TOTAL SORGHUM (2020/21 Season) Supply: The total supply of sorghum is projected at 224 873 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 157 150 tons, sorghum imports of 5 200 tons for South Africa with a surplus of 2 100 tons.

Demand: The total demand (domestic plus exports) for sorghum is projected at 176 635 tons. This includes 9 600 tons for indoor malting, 49 800 tons for floor malting, 96 200 tons for meal, rice and grits, 11 665 tons for feed, 2 000 tons withdrawn by producers, 820 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 5 500 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 48 238 tons. At an average processed quantity of 13 939 tons per month, this represent available stock levels for 3.5 months or 105 days.

5 SUPPLY & DEMAND ESTIMATES TOTAL SORGHUM (2021/22 New Season) Supply: The total supply of sorghum is projected at 224 528 tons for the 2021/22 marketing season. This includes an opening stock level (at 1 March 2021) of 48 238 tons, local commercial deliveries of 169 690 tons, sorghum imports of 5 000 tons for South Africa with a surplus of 1 600 tons

Demand: The total demand (domestic plus exports) for sorghum is projected at 180 110 tons. This includes 10 000 tons for indoor malting, 50 800 tons for floor malting, 99 200 tons for meal, rice and grits, 10 660 tons for feed, 2 100 tons withdrawn by producers, 800 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 5 500 tons of total sorghum is estimated for exports for the 2021/22 marketing season.

Stock levels: The projected closing stock level at 28 February 2022 is estimated at 44 418 tons. At an average processed quantity of 14 222 tons per month, this represent available stock levels for 3.1 months or 95 days. See Appendix 2 for detailed S&D table. WHEAT (2020/21 Season)

Supply: The total supply of wheat is projected at 4 025 008 tons for the 2020/21 marketing season. This includes an opening stock level (at 1 October 2020) of 364 908 tons, local commercial deliveries of 2 071 100 tons, whole wheat imports estimated for South Africa of 1 580 000 tons and a surplus of 9 000 tons.

Demand: The total demand (domestic plus exports) for wheat is projected at 3 614 100 tons. This includes 3 450 000 tons processed for human consumption, 3 500 tons processed for animal consumption, 1 300 tons withdrawn by producers, 1 800 tons released to end consumers, 18 000 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 100 000 tons whole wheat is estimated for exports for the 2020/21 marketing season.

Stock levels: The projected closing stock level at 30 September 2021 is estimated at 410 908 tons. At an average processed quantity of 287 792 tons per month, this represent available stock levels for 1.4 months or 43 days. See Appendix 3 for detailed S&D table.

SUNFLOWER SEED (2020/21 Season) Supply: The total supply of sunflower seed is projected at 931 225 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 788 500 tons, sunflower seed imports of 400 tons for South Africa and a surplus of 7 000 tons. Demand: The total demand (domestic plus exports) for sunflower seed is projected at 863 250 tons. This includes 1 700 tons processed for human consumption, 5 650 tons processed for animal consumption, 850 000 tons for crush (oil and oilcake), 500 tons withdrawn by producers, 1 100 tons released to end consumers, 2 500 tons seed for planting purposes and a balancing figure of 1 300 tons (net receipts and net dispatches). A quantity of 500 tons is estimated for exports for the 2020/21 marketing season.

6 SUPPLY & DEMAND ESTIMATES Stock levels: The projected closing stock level at 28 February 2021 is estimated at 67 975 tons. At an average processed quantity of 71 446 tons per month, this represents available stock levels for 1.0 months or 29 days. See Appendix 4 for detailed S&D table.

SUNFLOWER SEED (2021/22 Season) Supply: The total supply of sunflower seed is projected at 788 315 tons for the 2021/22 marketing season. This includes an opening stock level (at 1 March 2021) of 67 975 tons, local commercial deliveries of 712 940 tons, sunflower seed imports of 400 tons for South Africa and a surplus of 7 000 tons.

Demand: The total demand (domestic plus exports) for sunflower seed is projected at 733 250 tons. This includes 1 700 tons processed for human consumption, 5 650 tons processed for animal consumption, 720 000 tons for crush (oil and oilcake), 500 tons withdrawn by producers, 1 100 tons released to end consumers, 2 500 tons seed for planting purposes and a balancing figure of 1 300 tons (net receipts and net dispatches). A quantity of 500 tons is estimated for exports for the 2020/21 marketing season.

Stock levels: The projected closing stock level at 28 February 2022 is estimated at 55 065 tons. At an average processed quantity of 60 613 tons per month, this represents available stock levels for 0.9 months or 28 days. See Appendix 4 for detailed S&D table.

SOYBEANS (2020/21 Season) Supply: The total supply of soybeans is projected at 1 479 955 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 1 219 500 tons, soybean imports of 120 000 tons for South Africa and a surplus of 2 000 tons.

Demand: The total demand (domestic plus exports) for soybeans is projected at 1 405 500 tons. This includes 24 000 tons processed for human consumption, 150 000 tons processed for animal (full fat) feed, 1 220 000 tons for crush (oil and oilcake), 600 tons withdrawn by producers, 700 tons released to end consumers, 7 900 tons seed for planting purposes, and a balancing figure of 1 200 tons (net receipts and net dispatches). A quantity of 1 100 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 74 455 tons. At an average processed quantity of 116 167 tons per month, this represents available stock levels for 0.6 months or 19 days. See Appendix 5 for detailed S&D table.

SOYBEANS (2021/22 New Season) Supply: The total supply of soybeans is projected at 1 665 355 tons for the 2021/22 marketing season. This includes an opening stock level (at 1 March 2021) of 74 455 tons, local commercial deliveries of 1 588 900 tons, no soybean imports for South Africa and a surplus of 2 000 tons.

Demand: The total demand (domestic plus exports) for soybeans is projected at 1 535 600 tons. This includes 24 000 tons processed for human consumption, 200 000 tons processed for animal (full fat) feed, 1 300 000 tons for crush (oil and oilcake), 600 tons withdrawn by producers, 700 tons released to

7 SUPPLY & DEMAND ESTIMATES end consumers, 8 000 tons seed for planting purposes, and a balancing figure of 1 200 tons (net receipts and net dispatches). A quantity of 1 100 tons soybeans is estimated for exports for the 2020/21 marketing season. Stock levels: The projected closing stock level at 28 February 2022 is estimated at 129 755 tons. At an average processed quantity of 127 000 tons per month, this represents available stock levels for 1.0 months or 31 days.