Hassad Food, owned by Qatar's sovereign wealth fund, plans to acquire a sugar project in Brazil with a capacity to produce 25 million tonnes per annum, state-run Qatar News agency said, citing the firm's chairman.
Qatar, like other Gulf states, imports the majority of its food requirements, and securing future food supplies is seen as a priority by the government.
The acquisition in Brazil is expected to take place in two months time, Nasser al-Hajri told QNA, giving no further details of the project."
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