Omnia’s agriculture division is set to add crops and diversify further abroad in a move that is expected to boost the business. Group MD Adriaan de Lange said on Tuesday that Omnia would grow the agriculture business’s footprint internationally as customers in SA were "struggling to make good money" at current prices. Omnia recently bought Oro Agri, a producer of nontoxic crop protection products, liquid fertilisers and soil conditioners, for $100m. The US-based group has production, research and development facilities in the US, Brazil and SA. The diversified chemicals group also expects further improvements in production efficiency at Sasolburg and a slight uptick in commodity prices, which will increase the sales prices for fertiliser products in the new year. "International crop prices remain under pressure on a global basis," it said. This is due to record harvests in most large producing countries in recent years, it said. The performance of the agriculture division for the ye...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.