MAIZE  #Maize Supply

Based on the premise that there are sufficient supplies for the local market, the Zimbabwe government has reinstated a ban on maize imports.Quoting a news report by Reuters, agricultural economist Wandile Sihlobo says the government wants to ensure maximum price realisation for the domestic producers before allowing imports

Driven by rising demand for maize oil in Africa, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +1.1% for the period from 2024 to 2035, which is projected to bring the market volume to 336K tons by the end of 2035. In value terms, the market is forecast to increase with an anticipated CAGR of +4.6% for the period from 2024 to 2035, which is projected to bring the market value to $699M (in nominal wholesale prices) by the end of 2035.