Final SAF Bean Estimate Unchanged
PRETORIA - Sep 28/17 - SNS -- There was no change in production levels the final dry edible bean production estimate from the South Africa Grain Information Service (SAGIS).
This year's seeded area was pegged at 45,050 hectares, up from 34,400 last year; while the country's production estimate for summer crops forecast a 68,525 metric ton (MT) harvest, up sharply from 35,445 last year.
The increase does not change the fact that South Africa remains fundamentally short of dry edible beans. Import volumes are partly driven by regional demand and by international price levels. With exporters in China becoming more aggressive with prices, imports should remain relatively high to fill in those supply gaps.
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