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Flour Mills Of Nigeria Plc Enters Technical Assistance Agreement with Adecoagro SA


Sunday, 18 Aug 2013 08:00pm EDT 

Flour Mills Of Nigeria Plc (FMN) announced that it has entered into a Technical Assistance Agreement with Adecoagro SA, a South American Agro Industrial Company. Adecoagro owns and operates over 278,000 hectares of farmland and several industrial assets where it produces over 1.2 million tons of food commodities and renewable energy, including, corn, wheat, soybean, rice, cotton, milk, sugar, ethanol and electricity. Under the terms of the Agreement, Adecoagro will assist FMN in the management and sustainable development of its Kaboji Farm, a commercial farms in Nigeria comprising 10,000 hectares near Kontagora, Niger State dedicated mainly to the cultivation of maize and soybean. 

Company Quote

9.89
-0.03 -0.30%
3:45pm EDT