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  • Finweek - English

    Simon’s stock tips

    Sep 18, 2020 5 minutes
    By Simon Brown

    MAIZE HARVEST

    Prices ignore bumper crop

    South Africa is on course for a great 2020 maize crop, yet the maize price is back at levels last seen during the drought. A possible reason is locust plagues in East Africa that have seen crop yields there well down on previous years, pushing demand – hence prices – higher. Locally these high prices are bad news for those with maize as an input cost, most notably Astral Foods, whose sweet spot for the yellow maize price is around R2 000 to R2 300 a tonne; the current price is over R3 000. For those looking for a trade or investment here, wait for the maize price to start coming back down before jumping in.

    SHOPRITE

    A good year

    Shoprite’s* financial results for the year ending June were top drawer

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