MOSCOW, Oct. 13 (UPI) -- Cargill International SA may invest $200 million in the Russian food industry, according to Russia's Agriculture Minister and Deputy Prime Minister.
The prospect arose Monday as Alexei Gordeyev finished negotiations with Cargill's president, Dave Rodgers, the Novostoi news agency reported.
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Gordeyev said Cargill may invest $100 million in a vegetable oil extracting factory in Voronezh, $50 million in a stud farm near Tula and an undisclosed amount in a malt house under construction.
Cargill also is willing to finance sugar refinery updating if Russian manufacturers are guaranteed priority and protection is certain, Gordeyev said.