Ricegrowers Singapore, a subsidiary of the SunRice Group, has entered into two significant agreements with a strategic commercial partner in China.
The company will supply milled white rice to key markets throughout the Pacific.
“The renewal of these supply arrangements is significant, and will enable the SunRice Group to ensure supply of milled white rice to key markets in the Pacific throughout the 2022 Financial Year,” SunRice Group CEO Rob Gordon said.
The agreements will expire on 30 April 2022.
The move follows SunRice Group’s California-based subsidiary, SunFoods LLC, signing of a significant and strategic agreement with the Central Valley Rice Growers Association to guarantee supply of high-quality medium grain rice through until at least 31 January 2024.
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Central Valley Rice Growers Association is a co-operative in the Central Valley rice production region of California, with approximately 115 rice-growing entities.
The agreement will secure supply of high-quality medium grain rice, which will be processed at SunFoods’ facility at Woodland, California, and packaged into high-value branded products for sale to customers in existing and new markets.
Gordon said it is s a significant agreement which will guarantee supply of high-quality medium grain rice for the SunFoods LLC subsidiary through until at least 2024.
“It will enable SunFoods to support domestic growth projects and provide SunRice additional supply from the northern hemisphere to hedge against supply fluctuations in Australia.”