Agrofert Positions Itself In Growth Market

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The Czech food processor Agrofert has acquired a 54% share in Milkagro, a company that controls dairy firm Olma Olomouc. Agrofert produces a number of meat products and by investing into Milkagro it is pressing ahead with its strategy of diversifying its portfolio of food processing companies. The Czech Republic is home to a buoyant food industry and BMI is forecasting food consumption to grow by 36.36% in value between 2009 and 2013. We note that near-term growth is likely to be restricted by the fact that the country is in recession (we have revised down our forecast to reflect