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Thursday, 28 January 2016

Brazil exports maize to South Africa as El Nino disrupts trade

Brazil is shipping maize to South Africa, a traditional maize exporter suffering from an El Niño-related drought, as it seeks new markets for its growing corn production. razil exported 321,662 tonnes of corn to South Africa in 2015, up from none the previous year, data from the Trade Ministry showed this week. Three more cargoes are on the way or likely to leave Brazilian ports soon, according to shipping data as well as a South African trade source. The exports are an indication of Brazil's growing influence as a corn producer with two annual crops and ample room to plant new fields.  The figures are also indicative of the global trade disruption caused by the El Niño climate phenomenon. South Africa may need to import as much as five million tonnes of maize this year, roughly half its requirement, due to its worst drought in three decades, the country's largest producer group said.

Source: Defenceweb