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- (-) March 2024
- (-) South Africa
- (-) Japan
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South Africa’s corn crop in marketing year 2023/24 has been affected by an El Niño induced mid-summer drought, resulting in an expected drop of more than 15 percent in crop volume.
The South African ports have been overwhelmed with challenges in the past few years, causing delays in operations and financial losses. In 2022, the Container Port Performance Index by the World Bank ranked the port of Durban 341 out of 348 ports in the world and the Port of Cape Town was ranked 344.
FAS/Tokyo forecasts an increase in corn imports and consumption in MY2023/24 and MY2024/25 due to softening global prices and the rebound of the layer population following the recovery of Highly Pathogenic Avian Influenza outbreaks.
FAS/Tokyo projects Japan’s beef production in 2024 will be almost flat from 2023 because fewer cows will be culled now that milk production has dropped enough to match demand.