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Algeria’s purchases are optional origin ‍but traders suspected the wheat could be sourced from Argentina, ​which is currently offering very low prices from its large new crop.

The MoU aligns with broader industry efforts to localise sourcing and reduce exposure to supply disruptions.

Leo Aguado will support customers across the company’s food, beverage, and nutrition categories and help expand its reduced‑sugar and clean‑label solutions.

The deal marks a strategic move by Marico to accelerate its entry into higher‑growth, branded food and snacking categories beyond its traditional strengths in edible oils and personal care.

This prestigious recognition celebrates the team’s dedication to excellence, innovation, and partnership in a highly competitive global supply chain.