18 Jan 2012Jan. 18 (Bloomberg) -- A government-backed plan to export a record corn surplus may leave South African silos drained of the country’s staple food by the end of April.
The price of white corn, used to make the corn meal eaten by many South Africans, has risen to a record in Johannesburg and the nation is importing the yellow variety of the grain for the first time in two years. Millers, chicken producers and cattle breeders are facing a surge in costs and food inflation may quicken to as much as 15 percent from 11.1 percent in November, said Gina Schoeman, an economist at Absa Group Ltd.
http://www.businessweek.com/news/2012-01-18/south-africa-corn-export-push-may-exhaust-stocks-commodities.html
