Multan: Punjab Chief Minister’s Special Assistant Salma Butt on Wednesday inaugurated a grain storage facility in Multan. Established by global agricultural commodities processing company Louis Dreyfus Company (LDC), the facility will add approximately 40,000 metric tonnes of grain storage capacity in South Punjab.
Speaking at the inauguration, Rubens Marques, LDC’s Head of South & Southeast Asia, said, “Pakistan is an important market for grains and a key destination for LDC in South Asia, where growing populations and economies rely on strong, connected agricultural supply chains and trade flows “This investment in Pakistan strengthens our presence in the domestic market as well as our ability to meet evolving customer needs in the region, in line with LDC’s global strategy to further reinforce its core merchandizing capabilities.”
“Pakistan’s strong agricultural base and growing demand for grains continue to create opportunities for our business in the country,” said Muhammad Danyal, LDC’s Country Head for Pakistan and Head of Grains & Oilseeds for Pakistan. “Investing in logistics infrastructure enhances our service to both suppliers and customers, supporting more efficient and resilient supply chains as Pakistan’s grains sector continues to develop, while contributing to local job creation.”
Pakistan is one of South Asia’s major agricultural markets, and among the world’s largest producers and consumers of wheat. Since establishing its presence in Pakistan in 2010, LDC has built up its position in the country’s cotton, grains, oilseeds, pulses, rice and sugar markets, including a strong position in wheat.