Friday, March 30, 2007

S.Africa maize jumps as buyers get in on dips

(Reuters) - South Africa's white maize futures rebounded on Friday as speculators tried to make the most of a local market dip and stock up in anticipation of a poor harvest, traders said.

Prices on the most-traded July white maize contract swung up 1.58 percent to 1,862 rand a tonne, up 29 rand. Its yellow maize counterpart pushed up 11 rand to close at 1,767 rand a tonne, a rise of 0.63 per cent.


Read more at Reuters Africa

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