South African Corn Milling Output Fell 0.6 Percent in May on Previous Year

(Bloomberg) -- Tiger Brands Ltd., Premier Foods Ltd.
and other commercial millers in South Africa processed 0.6
percent less corn in May than a year earlier.

The millers processed 222,724 metric tons during May,
compared with 224,113 tons in the same month a year earlier, the
Pretoria-based National Association of Maize Millers said on its
Web site today. South Africa is Africa's biggest corn producer.


Read more at Bloomberg Commodities News

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

South African Inflation Exceeds Target Range for First Time in Three Years

(Bloomberg) -- South African inflation accelerated to
an annual 6.3 percent in April, exceeding the central bank's
target range for the first time in more than three years, adding
to pressure on the central bank to raise interest rates.

The CPIX inflation rate, which excludes mortgage costs, rose
from 5.5 percent in March, Pretoria-based Statistics South Africa
said today. Inflation was expected to accelerate to 5.9 percent,
according to the median estimate of 21 economists surveyed by
Bloomberg. Prices rose 1.2 percent in the month.


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