SeedCo Limited reports half year loss coupled with low sales volume

ZIMBABWE – Zimbabwe’s largest seed producer, Seed Co Limited has reported a loss of US$2.5 million for the half year period to September 30, 2019, from US$1.5 million recorded during the same period in the prior year on the back of decreased exchange gains and increased finance costs. Traditionally, the first half is a cost accumulation period as sales begin during the second half of the year when farmers scramble for seed in time for the farming season as well as the onset of rains, reports the Herald. Loss before…

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Seed Co to invest US$10m in new artificial seed drier to boost operations

ZIMBABWE – Seed Co, one of Africa’s leading seed producers, will invest US$10 million in acquiring a new artificial maize seed drier as it seeks to increase seed supply in the region. Seed Co intends to commission the facility in February 2020 with a further objective to spread the technology to its key regional markets as time progresses. The investment further strengthens the company’s ambitions curb seed post-maturity losses and further advancing processed seed market readiness. The development comes on the back of decreased seed volumes uptake owing to a…

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Zambia launches SADC harmonized certified-seed regulatory system

ZAMBIA – The government of Zambia has launched the Southern African Development Community (SADC) seed certification and harmonized seed regulation system, reports Lusaka Times. This puts Zambia in a position to produce and trade certified seeds in the SADC region and ensures availability of high quality seed to farmers through rationalizing and removing national regulatory barriers. According to Minister of Agriculture Michael Katambo, the launch is in line with the national agriculture policy whose overall agenda is to increase access to quality seed that assures increased production and productivity. The…

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