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NFM’s rice mill on sale

08 March 20172 min reading

The National Flour Mills’ rice milling operations at Carlsen Field is again up for sale in Trinidad and Tobago.

nfm76The National Flour Mills’ (NFM) rice milling operations at Carlsen Field is again up for sale in Trinidad and Tobago. According to Agriculture Minister Clarence Rambharat there is private sector interest in acquiring the mill to establish a parboiling plant. NFM is 51 percent Government-owned while the other 49 per cent is owned by institutions and members of the public. In newspaper advertisements, no assets will be sold separately. PriceWaterhouseCoopers Advisory Services Lmited (PwC) has been appointed to assist in the divestment process. For several years NFM has been trying to sell the Mill, Rambharat told the Express yesterday. “Several years now NFM determined that the mill is no longer required by them. They made attempts to dispose of it but never did,” he said. He said interest was shown in the mill in the past but parties could not reach an agreement. “In the most recent attempt the process was abandoned,” he stated. Rambharat said while the plant awaits a buyer, NFM will continue to mill local rice. “In recent years the Ministry of Agriculture pays NFM to mill for local rice farmers. There is some interest locally in acquiring the mill to set up a parboiling plant.” the Minister said.

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