The Grupo Videre is focused on setting up farming projects of significant importance to Mozambique, and is already engaged in a programme for producing rice and sugar, set to occupy as much as 140,000 ha of farmland.
The Grupo Videre operates in the agricultural sector through Ubuntu, a company which is at present primarily committed to the Bela Vista Rice Project.
In its initial phase, this project will produce rice on 5,000 hectares of farmland in the Bela Vista area, in Mozambique, and will later expand to occupy a further 15,000 hectares, allowing it to achieve potential rice yields equivalent to the country’s current consumption.
In the first phase of the project, rice will be sown over an area of 5,000 hectares which, after sixty months, should have the capacity to yield 40,000 tons of rice.
The capital outlay for the initial phase alone stands at 33 million dollars, which includes an irrigation system serving 1,000 hectares and a rice mill (for hulling, processing and bagging) with capacity of 300 tons/day.
The project, which is still at the trial stage, is expected to produce its first commercial crop in 2014, when it will have paddy fields extending over 1,000 hectares.
Learn more about the Mozambique Agricultural Investment Program..>>