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SINGAPORE–Singapore-based Olam Group VC2 -0.87%decrease; red down pointing triangle has agreed to sell its remaining stake in its agricultural products business to state-owned Saudi Agricultural and Livestock Investment Company, bringing the business’s equity value to US$4.0 billion. Olam will sell its entire 64.57% stake in Olam Agri in two tranches, Olam said on Monday. The first tranche, comprising 44.58% of Olam Agri, will be sold to Salic for US$1.78 billion, while the remaining 19.99% will be sold after three years.

This seed distribution drive is expected to play a crucial role in boosting agricultural production and supporting the farming community during the upcoming season.

This seed distribution drive is expected to play a crucial role in boosting agricultural production and supporting the farming community during the upcoming season.

This step is part of South Korea’s broader effort to mitigate risks in agricultural supply chains. Officials emphasized proactive planning to manage potential future volatility in global grain markets.

Sustained double‑digit growth in market size and expanding business opportunities are expected for both established players and new entrants.

The latest figures reaffirm India’s position as a reliable trading partner for the European Union and signal positive prospects for deeper economic cooperation in the coming years.