IFC Agribusiness - Oilseed, Vegetable Fats, & Edible Oils
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A competitive oilseed industry has and will continue to play an important role in the rural development in less developed countries by:
- promoting the growth of oilseed production and/or processing and associated industries
- supporting the development and intensification of livestock production systems,
- keeping consumer prices (oils and livestock products) low while providing safe consumer products.
As of March 31, 2007, IFC 's portfolio in this subsector was approximately $80 million. This is the second largest agribusiness subsector, making up 15% of the total committed portfolio.
Project Examples
Aceitera General Deheza (AGD): a $100 million in long-term financing, including $30 million in syndicated loans to support the company’s $163.7 million capital investment program over the next three years. The project entailed the expansion of AGD’s oilseed crushing capacity and high-protein soybean meal production, as well as construction of inland storage facilities.
Wilmar Trading: a $30 million loan to Wilmar to be used for scaling up the company's offtake of crude palm oil from plantations in Indonesia and for processing it into refined oil.