The facility is expected to strengthen LDC’s logistics capabilities and support more efficient grain supply chains in one of Pakistan’s major agricultural regions.
The transaction involves Ingredion selling a 51% interest in Rafhan Maize for approximately US$165 million, while maintaining roughly a 20% ownership position to support future collaboration and regional growth.
The IMF had prohibited Pakistan’s federal and provincial administrations from direct market interventions to curb fiscal leakages and price distortions.
Thal Ltd. said high-quality storage will be used for major grains such as wheat and corn.
Pakistan, with huge agricultural potential, can achieve a 30-50% increase in maize production by combining good varieties and good methods.