On May 6, ADM’s stock price rose to US$48.32 per share from US$47.50 the previous day.
Over 420 collection points set up nationwide as government offers above-market prices to farmers to strengthen local supply and reduce import dependency.
According to KBNS, the price hike is attributed to intensified competition for maize between human food processors and animal feed manufacturers.
Key features of the AI-integrated silos include automated temperature, humidity, and moisture monitoring systems.
The project will raise the site’s total flour capacity to 1,350 tons per day with an additional 750 tons/day from the new mill, while the feed plant will contribute 240 tons/day.