Soaring maize prices squeeze South African consumers, stoke inflation

Elevated prices for the staple food maize are putting pressure on cash-strapped South African consumers still reeling from the coronavirus pandemic and fanning food price inflation. A global run in the price of maize driven by higher import demand from China, droughts in South America and dry conditions in parts of the United States and Canada has raised local maize prices despite expectations of a bumper 2020/21 domestic maize crop.

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