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Elevated maize prices are putting pressure on cash strapped South Africans

VAAL TRIANGLE - Elevated prices for the staple food maize are putting pressure on cash-strapped South African consumers. Reuters reports that a global run in the price of maize driven by higher import demand from China as well as droughts in other parts of the world has raised local maize prices despite expectations of a bumper 2020/2021 domestic maize crop. The September domestic white maize contract closed at R3107 per tonne on Thursday 28% higher than a year ago.

PHOTO: (Supplied)



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