Scientists found that a single rice gene can protect plants from drought while helping them maintain healthy growth, leading to much higher yields in field trials.
Advocates say traditional seed varieties can strengthen food security, cut production costs and help farmers cope with climate pressures.
Grain SA says the government’s decision fails to address rising production costs and delays in the tariff system.
The financing comes as tighter global phosphate supplies create fresh opportunities for new producers entering the market.
The financing will support a major increase in fertiliser production in Nigeria and fund a new manufacturing plant in Ethiopia as Africa seeks to strengthen food production and cut reliance on imports.