This latest acquisition follows a March 2025 purchase of 450,000mt at a marginally higher cost of US$268.50/mt.
Tanzania’s proactive approach through COPRA’s assessment seeks to ensure that export activities do not compromise domestic food security.
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.