Ricegrowers (ASX:SGLLV) renews supply arrangements

• The SunRice Group’s subsidiary, Ricegrowers (SGLLV) Singapore, renews its supply arrangement for milled white rice with a commercial partner in China
• The company affirmed the renewed deals with the unnamed client will see the ASX-lister continue supplying milled rice to key markets throughout the Pacific
• The two supply agreements will ensure the supply of rice throughout the 2023 financial year, until its expiry date on 30 April 2023
• SunRice Group shares were steady at 6.8 cents

The SunRice Group’s subsidiary Ricegrowers (SGLLV) has renewed its supply arrangement with a commercial partner in China.

SunRice is the consumer brand and trading name of Ricegrowers, which has grown to become one of Australia’s largest branded food exporters. The company works in the storage of paddy rice, milling and processing, manufacturing, procurement, distribution and marketing of rice and related products.

Ricegrowers Singapore has penned a deal to renew its supply arrangements for the supply of milled white rice.

While exact details regarding the deal are minimal, SunRice affirmed the arrangement with the unnamed client will see the ASX-lister continue supplying milled rice to key markets throughout the Pacific through the 2023 financial year, until its expiry on 30 April 2023.

SunRice Group shares closed flat at 6.8 cents