South Africa’s biggest fertiliser manufacturer Omnia said on June 20 that it expected demand for the fertiliser, mining explosives and chemicals that it supplied to grow exponentially, as the world’s grain stocks were the lowest in decades, and companies scrambled for minerals in the region, especially uranium.
Demand for grain from the US’s “huge” biofuels drive and low local inventories of agricultural products meant that South African farmers were realising that they “had better get into production”, the company said in a Johannesburg presentation of its results for the year ended March 31.
“It’s a good position to be in for farmers,” MD Rod Humphris said.
Mining Weekly
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June 22, 2007
Surging demand bolsters SA fertilizer maker Omnia's outlook
Categories fertilizer, South Africa
