SEED | Seed Co Limited HY24 Earnings Update; Winter cereals outperform maize in first half
The period was characterized by liquidity and foreign currency shortages, local currency devaluation, prohibitive borrowing costs, policy uncertainty and disrupted supply chains. Power outages not only impacted Seed Co Limited's plant operations and production, but also farmers' irrigation capacity. Notwithstanding, winter sales were buoyant as wheat and barley sales registered 8% growth to 6,828MT despite the challenges experienced by farmers.