TGM’s renovations include an additional 1.5 million bushels of storage, a new 40-car railroad spur with a loadout facility, and two new, 1,000-bushel receiving pits.
Maragro’s business includes about 9,600 hectares of farmland, oilseed processing and a seed selection and treatment plant.
The downturn in performance is part of a larger trend affecting the packaged food industry.
Marico aims to achieve this target through strategic pricing actions.
China is projected to import 112 million tonnes in the 2025-26 marketing year.