(Reuters) - South Africa lowered its forecast of the 2006/07 maize harvest marginally to 6.9 million tonnes on Wednesday, but many traders were convinced that the harvest would be far smaller and squeeze supplies.
The figure was close to expectations but met with scepticism from dealers who say independent figures show farmers have to date delivered much less maize to silos -- a fact that has spurred local prices over the past couple of weeks.
Read more at Reuters Africa
The figure was close to expectations but met with scepticism from dealers who say independent figures show farmers have to date delivered much less maize to silos -- a fact that has spurred local prices over the past couple of weeks.
Read more at Reuters Africa
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