US’ seed firm and AGT Foods Africa partner to form sorghum and sunflower joint venture deal

SOUTH AFRICA – The US based propriety seed company S&W Seed Co. and AGT Foods Africa Pty Ltd have partnered to form a new joint venture to deal with seed products such as sorghum and sunflower.

The new company registered in South Africa under the name of SeedVision SA will produce and commercialize seed products in Africa, and will be 50.1% owned by S&W and 49.9% owned by AGT Foods Africa.

According to the company, SeedVision will benefit from Canadian-based AGT Food and Ingredients (“AGT”) subsidiary, AGT’s supply, production and processing capabilities in value-added seed products.

S&W on the other hand, provides expertise in agricultural breeding, production and processing for the alfalfa, sunflower, sorghum species, and stevia industries.

&W’s hybrid sunflower, grain sorghum and forage sorghum will be produced from AGT Foods’ production facilities then commercialized by SeedVision in the African continent, Middle East countries and Europe.

“We are pleased to partner with AGT to expand the availability of our sorghum and sunflower products into the African market.

AGT is a large international provider of food ingredients throughout the world and the addition of sorghum and sunflower expands their already large menu of staple foods and food ingredients.

Africa represents a large market and we look forward to a successful collaboration with AGT to develop this critically important market for these important products,” said Mark Wong, chairman and CEO of S&W.

AGT Foods Africa has agreed to utilize its production resources in South Africa, Zambia and Tanzania, and its seed cleaning and warehousing facilities at Krugersdorp, South Africa.

Superior varieties

S&W has rich portfolio of hybrid sorghum and hybrid sunflower developed to bring the market superior varieties with key attributes such as high yield, tolerances to extreme weather conditions (such as drought), insect and disease resistance, grain quality and harvestability.

S&W’s Australian based sorghum breeding program provides excellent products for the African environments faced with change in climate.

The company said its forage sorghum (used mainly for cattle grazing) varieties feature superior stem quality, standability, high sugar levels, high dry matter production, and low prussic acid levels.

S&W develops elite disease resistance sunflower seed hybrids and partners with leading global companies to develop herbicide resistant characteristics, specific oil profiles, both oleic and linoleic and maximize yield potential for different growing conditions around the world.

SeedVision will be appointing a Commercial Manager to commence sales and marketing activities.

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