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Due to record maize production, which accounts for more than half of all fertiliser consumed in the country, and rising fertiliser prices, South Africa’s fertiliser industry is experiencing a bumper year.
However, concerns have been raised regarding an increase in imports and a decrease in domestic production.The industry also faces threats like land expropriation and climate change, both of which could make droughts more likely in the future.
The sector is also affected by transportation costs, electricity supply, and exchange rate volatility.
The performance of the agriculture industry, which was one of the few sectors to experience growth following the outbreak of the pandemic, is correlated with fertilizer demand.Several crop yield increases are beneficial to providers of fertiliser.
Wheat, soybeans, and maize are examples of these.However, production of dry beans and sunflower seed is anticipated to decrease.
The South Africa Fertilizer Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
A plant for liquid fertilizer was started by Yara. Malmesbury is a town in the south-west of South Africa with close to 40,000 people living there, about 65 kilometres north of Cape Town.
The town is located in the Western Cape Region, which is the centre of farming in South Africa.The region accounts for between 55 and 60 percent of South Africa’s agricultural exports and is a major contributor to the country’s GDP.
Wine, wheat, cereals, and fruits and vegetables are among the primary agricultural products produced here.
Yara is able to serve farmers in markets for dryland cereals, vegetables, fruit, and grapes in a radius of more than 300 kilometres from the Malmesbury facility.
With this latest investment they affirm the belief in the agricultural potential of South Africa and aspiration to be the leading crop nutrition company in the country, with the farmer at the center of everything they do.
There are many advantages to using liquid fertilizers, such as applying them evenly and accurately and optimizing resources like labour and equipment.
Customers can choose from a well-balanced and crop-specific product portfolio that is tailored to their soil and crop requirements from Yara.