Singapore's Olam to invest in Nigeria paddy, wheat milling

Farmers harvest wheat at a field near Mezokovesd, 130 km (80.8 miles) east of Budapest, July 13, 2011.

SINGAPORE - Singapore commodities firm Olam International Ltd, whose businesses include processing agricultural products and food ingredients, said on Friday it will invest about $50 million to expand its wheat milling capacity in Nigeria.
Olam, whose shareholders include Singapore state investor Temasek , said in a separate statement dated Thursday that it will invest $49.2 million to set up a 6,000 hectare greenfield paddy farming and rice milling facility in Nigeria.