The first shipment of the maize will arrive in the country in August with five more shipments expected between September and December, the source said.
South Africa's government crops agency predicted on Tuesday that maize output for the current season would be down by more than a third to levels last seen in 2007 due to unfavourable weather.
In March Africa's biggest producer of the staple food placed orders to import yellow maize for animal feed from Argentina.
Domestic maize prices have scaled to
record highs of over 3,000 rand ($245) a tonne as a result, putting pressure on food prices and inflation in Africa's most advanced economy.
Yellow maize is mainly used for animal feed in the poultry and pork industries while white maize is a staple for the poor majority and working class.
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