Concerns about the quality for white corn imported by South Africa mainly from Mexico following worst drought inside recorded history were raised by the advisory committee to the JSE Limited, which runs the nation’s agricultural derivatives current market.
“One of the agenda items was discussing foreign product and unfamiliar delivery onto JSE agreements,” Chris Sturgess, the commodities derivatives movie director at the exchange, proclaimed in an interview for Wednesday. “There’s a mix. Quite a few millers welcome the product.”
The committee consists of traders, millers along with farmers, according to Sturgess.
In the marketing year this began May An individual South Africa has brought in 516 935 tons of white callus with 97% of that coming from Mexico. The whitened variety of the almond is used as a choice food in the country although yellow corn is principally fed to pets.
? 2016 Bloomberg