Global agri major Cargill buys edible oil refinery in Nellore for $35 mn

The investment will expand Cargill's edible oil production capacity and footprint in southern India and strengthen its existing supply chain to meet growing customer demand

American agri-business major Cargill has acquired an edible oil refinery located in Nellore in Andhra Pradesh for $35 million.

The $35 million investment, to acquire and upgrade the facility, will expand Cargill's edible oil production capacity and footprint in southern India and strengthen its existing supply chain to meet growing customer demand, the company said in a statement. The facility is expected to be fully operational by May 2022.

 “We have driven significant growth of our edible oils business in India over the last few years. This acquisition propels our expansion, specifically in southern India, and demonstrates our commitment to