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Sep 30, 2015

South Africa to have smallest wheat crop since 2011

Bloomberg is reporting that:

South Africa cut its forecast for wheat production by 3.3 percent for this season as poor conditions in the biggest growing region reduced yields, the Crop Estimates Committee said.

Local growers may reap 1.64 million metric tons in the 2015 season,  Marda Scheepers, a senior statistician for the Pretoria-based committee, said by phone Tuesday. This is less than the 1.67 million-ton median estimate by five analysts in a Bloomberg survey and smaller than the CEC’s August prediction of 1.69 million tons. This would be the smallest harvest since the 2011 season.