Farms.com Home   News

Zambia: Zambia Corn Availability Appears Sufficient Despite Lower Production

Despite lower production in marketing year (MY) 2022/23, Zambia’s production of its staple crop, corn, will be sufficient to meet domestic demand. Zambia’s corn crop is forecast to decline by 25 percent to 2.7 million metric tons (MMT) in MY 2022/23, after producing a record crop 3.6 MMT in MY 2021/22. Over the past 20 years, Zambia more than doubled corn production through a combination of increased area and productivity, turning the country into a net exporter of corn. Despite the decline in production, Post estimates that Zambia could export about 700,000 MT of corn in MY 2022/23 on record carry-over stocks from the previous marketing year. The Zambian government assured traders that the country will comply with regional and international trade protocols and avoid export restrictions in MY 2022/23.

Source : usda.gov

Trending Video

Making Soybeans Great Again! + A Fools Gold?

Video: Making Soybeans Great Again! + A Fools Gold?


Trump's post this week that China would buy an additional 8 mmt of U.S. soybeans was a “game changer” near-term. The plunge in Bitcoin down 50% from the highs may no longer be considered a “digital” gold. It has followed the selling in tech this week with the NASDAQ down 7%. The 45Z announcement provided more clarity and guidance resulting in higher soyoil futures. Next weeks USDA February crop report is historically a non-event and more.