Chronicle Editor
Senior Business Reporter
THE recent completion of an artificial maize seed dryer coupled with regional exports and sustained rainfall are expected to boost Seed Co sales volumes.
In July this year, Zimbabwe’s leading seed producer commissioned a US$12 million artificial maize seed drying facility in Harare.
In latest research focused on Seed Co, a research firm, Morgan & Co said: “We anticipate that the completion of the artificial dryer, sustained rainfall and regional exports will be key to Seed Co’s seed sales volumes and an improvement in the gross margin in the financial year 2022 and beyond.”
The research firm noted that Zimbabwe’s agriculture sector was anticipated to register a 34 percent growth this year and nine percent in 2022.
In this context, Morgan & Co said Seed Co was well positioned as an agriculture stock that supplies the country staple food’s seed.
“Seed Co has begun lobbying for an upward revision in the price of seed, which has been successful in the past,” it said.
The country’s agriculture sector is one of the major economic mainstays that the Government continues to pin hopes on towards the attainment of an upper middle-income economy status by 2030.
Zimbabwe has this year almost surpassed the US$8,2 billion agriculture economy earmarked for 2025, which the Second Republic has set.
Already, the agriculture sector has this year alone achieved a US$7,8 billion milestone, a development which would compel the Government to set a new target for the agricultural industry.
Online Reporter