date:Aug 04, 2012
s and wheat. International benchmark prices of these crops have already risen strongly on the back of the poor harvest outlooks.
Wheat stocks were much more comfortable, she said with reserves to draw on to plug any gap in the market. However, wheat is a substitute for maize and the lack of maize in the market will also lead to upward pressure on wheat prices, she said.
Currently, international livestock prices were not reflecting the higher likely cost of feed (at least maize-based feed) but