Zimbabwe’s largest seed company Seed Co is optimistic that business activity in its regional operations will pick up, buoyed by food security programmes across the continent.
The outbreak of coronavirus pandemic has increased food vulnerability for many countries across the world especially in developing nations due to production times disruptions. This has created scope for many countries to embark on food security programmes to offset the adverse impacts of the global Covid-19 pandemic.
Seed Co has operations in over 15 African countries. It is involved in the breeding, multiplication and distribution of mainly hybrid seed varieties for the following crops: maize, wheat, soya beans, sugar beans, cowpeas, sorghum, groundnuts and vegetables.
“The regional business is poised to benefit from a major food security drive across the continent amidst the Covid-19 pandemic,” said the group in a statement accompanying financial results for the half year to September 30, 2020.
Seed Co said it is also banking on the anticipated good rains expected this season. “With initial weather forecasts indicating normal to above normal rainfall, seed demand is expected to remain strong though the prolonged dry spell may push back the anticipated start to the planting season which could impact the group’s varietal sales mix.”
“Increased focus on local wheat production to reduce import dependence and improved irrigation capacity due to better electricity supply drove the increase in wheat seed sales volumes.
“In addition, there was increased uptake of maize seed on the back of a Lowveld winter grain production initiative targeted to enhance food security in the Masvingo province in the wake of recent devastating droughts in that area,” said Seed Co.