Discover Qazaqstan via News and Inspiring Stories
QazMonitor Logo
Facebook Qazmonitor iconInstagram Qazmonitor iconTiktok Qazmonitor iconTwitter Qazmonitor iconTelegram Qazmonitor iconYoutube Qazmonitor icon
  1. Main Page
  2. News
  3. American Food Trader to Invest $100 million in Kazakh Agriculture
Astana, Kazakhstan • 26 April, 2022 | 13:22

American Food Trader to Invest $100 million in Kazakh Agriculture

The company is ready to organize the export of frozen potatoes from Kazakhstan

QazMonitor Logo
foodmanufacturing.com
foodmanufacturing.com

On Monday, April 25, the Minister of Agriculture of Kazakhstan Yerbol Karashukeyev met with Vice President of Champion Foods Jonathan Buring, the press service of the Ministry of Agriculture reported.

Talks on export

During the meeting, the Minister and a representative of the company discussed the prospects for cooperation, investment, and development of agriculture in Kazakhstan, held detailed talks, and agreed to sign a memorandum of understanding between the Ministry of Agriculture of Kazakhstan and Champion Foods.

The company is ready to arrange the export of frozen potatoes and other vegetable products from Kazakhstan and is also interested in investing in projects to build plants for the deep processing of agricultural products in Kazakhstan. The total investment is estimated at $100 million.

Champion Foods is the largest food trader in the United States and is also engaged in the production of food products. It has been a leading supplier to caterers, retailers, industrial plants, bakeries, offshore catering companies, ship chandlers, and cruise companies for more than 25 years. The company provides sugar, frozen vegetables, rice, beans, corn, breadsticks, pizza, and other products.

Only 30% of an article published on The Qazaqstan Monitor website may be used with a mandatory hyperlink provided to indicate the original source. To re-publish the full article, written permission from the editorial is required.