Singapore-listed palm oil firm Indofood Agri Resourceswill set aside US$200 million ($250.6 million) to buy palm oil, rubber and sugar assets outside Indonesia, where it currently has a big presence, as it looks to diversify future profits, a top official said.
Indofood Agri has a quarter of a million hectares of oil palm estates as well as refineries in Indonesia, the world's largest palm oil producer. It also has rubber plantations and sugar mills in the southeast Asian country.
The firm, with a market value of US$1.9 billion, is looking at Asia, South America and Africa -- key growth areas for these agriculture commodities, Chief Executive Mark Wakeford said in a telephone interview with Reuters on Wednesday.
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