Corn prices in South Africa soared

Introduction: world grain network, November 26 - since January this year, the price of corn in South Africa has more than doubled, making the poor people in the country unable to buy corn flour, which is the news released by the national grinding Bureau of South Africa on Friday, November 23 Hilton Zunckel, spokesman for the Bureau, claimed that the price of 12.5 kg / bag of cornmeal rose to 34 Rand, compared with about 21 Rand at the beginning of the year "We are very concerned that the current price will make consumers unable to pay the price of bulk food corn meal," he said in Pretoria Processing plants will not be able to continue to suffer from price increases, as inventories are depleted when prices fall At present, the cost of corn is 1420 RAND / ton, up 107% compared with 685 RAND / ton in January "If prices continue to rise, it will mean food safety problems in South Africa," it said Wheat prices are up 27% this year, which means food prices are also up This has a negative impact on the market for pork, vegetable oil, eggs and poultry, all based on feed grains Jannie de Villiers, executive director of the agency, said: "inflation in food prices will cause the overall inflation rate of the Reserve Bank of South Korea to exceed the danger alert." He claims that about 500000 tons of corn have been exported this year In addition, it is rumored that 1 million tons of corn will be exported, but the road and railway transportation are blocked, delaying the export process "At present, this is the only factor to restrain the further increase of corn price," zunckel said (author:) share to feed Weibo share to: