The project, developed in partnership with Swiss technology provider Bühler Group was completed in under eight months.
Led by the Ministry of Agriculture in partnership with GIZ-Mali, the 10-year strategy targets a production increase from 3 million tonnes to 5.5 million tonnes of paddy rice.
The transaction includes dry corn milling plants in Crete, Nebraska; Atchison, Kansas; and Danville, Illinois, as well as dry masa production sites in Muleshoe.
Operational profit for the full year climbed 21.1% to US$53.46 million while gross profit rose 19.7% to US$79.65 million.
While the decision permits the import and processing of the GM corn for food and feed, it explicitly excludes their cultivation within the trading bloc.