The company plans to refine its own output as it seeks a bigger share of the local market.
South Africa’s canola sector continues to grow, with farmers planning to expand plantings and push output to a new high.
The deal raises SALIC’s ownership in Olam Agri to 80.01% and moves the business closer to full acquisition within three years.
Governments across the region step up support as local rice struggles against cheaper imports.
The company confirms its food safety systems while growing its presence in convenient foods.