The update underscores PepsiCo’s commitment to building a more sustainable food system while supporting farmers and reducing environmental impacts across its global operations.
The deal expands Olam Agri’s grain sourcing and farming business in Ukraine while marking another step in its growth under SALIC ownership.
Both countries are increasing investment in wheat production as they work to cut imports and improve local supply, although high production costs still limit competitiveness.
The new agreement aims to cut imports by improving seed development, grain quality and support for farmers as demand from breweries continues to rise.
Lower global wheat prices, stronger local production and rising private sector imports are expected to reduce Egypt’s wheat purchases in the coming marketing year.