South Africa white maize futures scale 11-month peak on hot, dry conditions

South African white maize futures prices hit 11-month highs on Monday as a spell of hot, dry weather raised concerns about plantings and yields over a swathe of the maize belt. Maize is South Africa's staple crop and policy makers such as the central bank, which will meet later this week on interest rates, monitor its price because of its implications for inflation, especially for lower-income households.