d company SunRice has entered into an agreement to acquire Blue Ribbon Rice Group's milling and packaging plant in North Queensland.The acquisition of the Brandon plant is a move to secure additional supplies of speciality rice, ABC Rural reports.
Last year, the plant processed 2,000 tonnes of rice.
SunRice chairman Gerry Lawson said the Burdekin region is regarded as one of the most promising rice-growing areas outside of south-west New South Wales, due to its climate and secure access to water.
“Local conditions are particularly suited to the growing of speciality rices, including fragrant varieties and specific long grain options, which will complement our Riverina crop and increase the overall competitiveness of Australian rice,” he said
The deal is expected to be finalised by September and is subject to clearance by competition watchdog, the ACCC.
