African agricultural market grew increasingly ripe opportunity
African agricultural market grew increasingly ripe opportunity

African agrochemical market growth opportunity matures, Africa AECI Group subsidiary agricultural solutions business company Nulandis won double-digit growth opportunities to further consolidate its position in the industry, especially smallholder agriculture industry.

Wood Mead on Tuesday on investor meeting held AECI, Edwin Ludick executives outlined the attractiveness of the market conduct of Nulandis expansion.

The Group's patents and to provide farmers with third-party products that expand prospects in the African market "very good", mainly due to the explosive growth of the local population, led to the increasing demand for food safety, and the rise of the middle class for diversification food showing huge demand.

Africa's current valuation pesticide market is 15 billion to 20 billion rand (at current exchange rates, about 1365 to 1820 million US dollars), of which South Africa accounted for 33%. Ghana and Morocco, 10% each, while Kenya, Egypt and Ivory Coast accounted for 8 percent each. Nigeria is Africa's most populous country, but only 5% of Africa's agricultural market share.

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Q I:1317741916
Q I:1317741916