South Africa’s grain economy is anchored by maize, supported by a structurally constrained wheat sector and a rapidly expanding soybean industry.
The expansion is expected to strengthen the company’s ability to supply customers with food-grade soybeans for products such as plant-based beverages while creating additional market opportunities for growers.
Record soybean production and lower food inflation give South Africa fresh export opportunities as the country works to expand agricultural trade with China.
The move keeps affordable glyphosate supplies available for U.S. soybean farmers while fresh action in Europe highlights efforts to reduce fertilizer costs through biological products.
The company has completed a US$5 million upgrade that will increase soybean processing and expand support for Italian farmers.