Feb. 1 – Singapore-based commodity trading group Olam International will invest a record-breaking US$400 million in Russia over the next five years, in a joint venture with its new partner Russian dairy firm Rusmolco LLC.
The decision was announced after the two companies signed a partnership agreement on Monday for the large scale development of dairy and grain farming in the Penza region of Russia, where Rusmolco has nine dairy facilities.
“Russia is one of the most attractive markets for dairy farming today,” the Singapore-based company said. It cited large supply shortages and Russia’s status as the “lowest-cost producer of grain today” as the rationale behind its investment. Read the rest of this entry »








