The agreement will see Advanced Agri supplying four shipments of 30,000 metric tons (plus or minus 10% depending on the vessel) of premium wheat. The supply will be carried out in the ordinary course of Advanced Agri’s business.
Advanced Holdings, through its subsidiary, Advanced Agri, has signed a non-exclusive framework agreement with PT Manunggal Perkasa to supply grains – primarily wheat products – to a major flour milling company in Indonesia.
The signing of the framework agreement was done in a bid to expand and deepen the group’s focus on its agriculture business, said Advanced Holdings (SGX:BLZ
) on Oct 16.
