Africa ripe for agrochemicals growth

Africa’s underdeveloped agrochemicals market has presented AECI’s agrochemical solution business, Nulandis, with a double-digit growth opportunity to cement its place in the agriculture sector, particularly within the smallholder farmer industry.

This emerged at AECI’s investor day, held in Woodmead, on Tuesday, where executive Edwin Ludick outlined the attractiveness of Nulandis’ expansion in the market.

The group, which supplied propriety and third-party products to farmers, believed the prospects for expansion in Africa were “very good” on the back of the increasing need for food security within a ballooning population and greater demand from a rising middle class for food variety.

The current agrochemicals market in Africa was valued at between R15-billion and R20-billion, with South Africa accounting for 33%.  READ MORE

Source: www.engineeringnews.co.za/