What is the price of maize per kilogram/pound in South Africa today, November 30th?
The retail price range for South Africa maize is between US$ 1 and US$ 2 per kilogram or between US$ 0.45 and US$ 0.91 per pound(lb). Click here to see today's exact prices of maize in South Africa
The retail price range in Rand for maize is between ZAR 19.43 and ZAR 38.86 per kilogram or between ZAR 8.81 and ZAR 17.62 per pound(lb) in Johannesburg and Cape Town.
In 2023, the approximate wholesale price range for South Africa maize is between US$ 0.71 and US$ 1.66 per kilogram or between US$ 0.32 and US$ 0.75 per pound(lb).
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South Africa Maize Export Prices - Historical, Trends and Prediction
In the years 2018, 2019, 2020 and 2021, the export price of Maize from South Africa was US$0.19, US$0.22, US$0.21 and US$0.24 per Kg respectively. For the year 2022, the export price was US$0.30 per Kg. It is difficult to predict the export price for the year 2023.
The exports of maize from South Africa are categorised as:
- Hulled, pearled, sliced, kibbled or otherwise worked maize grains (excluding rolled, flaked, pellets and flour) (HS code 110423)
- Maize (excluding seed for sowing) (HS code 100590)
- Maize seed for sowing (HS code 100510)
South Africa Maize Import Prices - Historical, Trends and Prediction
The import price per kilogram of Maize into South Africa over the last five years has been relatively stable. In 2011, the price was 6.47 US dollars per kg, before dropping to 0.35 US dollars per kg in 2012. The price then rose to 5.96 US dollars per kg in 2013, before dropping to 0.28 US dollars per kg in 2014. The price then remained steady at 0.27 US dollars per kg in 2015, 0.33 US dollars per kg in 2016, 0.22 US dollars per kg in 2017, 0.20 US dollars per kg in 2018, 0.24 US dollars per kg in 2019, and 0.22 US dollars per kg in 2020. The price then rose slightly to 0.24 US dollars per kg in 2021, before increasing further to 0.31 US dollars per kg in 2022. Based on this trend, it is likely that the import price per kilogram of Maize into South Africa will remain relatively stable in the next two years, with a predicted price of 0.24 US dollars per kg in 2023 and 0.31 US dollars per kg in 2024.
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Export values for South Africa maize
The total values in export for maize in South Africa were US$ 5,401,792, US$ 7,607,024, US$ 7,314,960 and US$ 4,514,640 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
White Maize prices in South Africa drop by 23% in early 2023
Data from Competition Commission of South Africa shows that white maize prices fell by 23% in early 2023 but producers only saw a 1% fall in cost. This is perhaps because food prices have been taking long to reflect on the South African retail scene in 2023 as a result of inflation and load shedding issues. Hence, at the moment, you can expect to buy South Africa maize at an affordable price but at the discretion of the retailer.
One of the main market terms that influence the price of this grain is the end-product, namely maize meal. Flour retails in 2.5kg bags in supermarkets and has been averaging between R14.40 ($0.78) and R21.28 ($1.16) in most of 2023.
As such, options for purchasing maize in South Africa include:
South Africa white maize: white grain is available in 50 kg sacks and can be No. 1 or No. 2 grades.
Yellow corn: corn or yellow maize is also under retail in 50 kg bags in either No.1 or No. 2 grades.
Maize meal: the price of maize meal, which retails in average 2.5 kg packages fell by 23% in 2023.