Wednesday, June 6, 2007

South African Corn Prices Advance on Concern Rain May Delay Planting

(Bloomberg) -- Corn prices in South Africa, the
biggest producer of the grain in Africa, rose on concern that
rain may delay planting.

``The rain is playing a part,'' Gerhard Pfaff, a commodity
trader at Pretoria, South Africa-based Degro Futures Ltd., said
in an interview. ``It's delaying plantings in corn-growing
areas.''


Read more at Bloomberg Commodities News

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