This was above the 655,000 tons sought in the tender.
The Facility is initially guaranteed by Olam Group which will be assumed by Olam Agri upon demerger.
The organization integrates cost-effective fortification technology directly into small and medium-scale mills, enabling producers to deliver safe, nutritious flour
The deal completes the company’s ownership of the three brands across the entire continent and expands its manufacturing and distribution remit.
For the fourth consecutive year, Africa recorded decline in consumption of wheat, which decreased by -14.8% to 59M tons in 2024.