Olam to invest $500m in Russia dairy sector

MOSCOW: Olam International an integrated supply chain manager and processor of agricultural products and food ingredients, may invest up to $500 million in Russia's dairy sector, the business daily Vedomosti reported on Monday.

The newspaper, citing agriculture ministry sources, said that Singapore-based Olam may invest from $400 million to $500 million within three to five years into developing dairy farms through the Russian company Rusmolco.