Add to watchlist:

Only registered members can add into watchlist !

Register here !
Deal Agriterra Tax Free* Losses can exceed
your initial deposit
*subject to change and depends on individual circumstances.

Agriterra Ltd is an AIM listed pan-Arican agricultural company with established beef, cocoa trading, maize processing and palm oil operations. 


Agriterra spells out ambitious plans for Sierra Leone cocoa growth

Negotiations are already underway to secure a 15-acre site in the new airport development zone close to the capital Freetown, while advanced discussions are also taking place to acquire a cocoa plantation in the south-east of the country.

Food producer Agriterra (LON:AGTA) said this morning it plans to expand its Sierra Leone cocoa trading business Tropical Farms Limited to 40 locations this year from 12 currently as part of an aggressive growth strategy.

As part of the strategy, TFL will also extend its focus into coffee and palm oil.

Negotiations are already underway to secure a 15-acre site in the new airport development zone close to the capital Freetown, while advanced discussions are also taking place to acquire a cocoa plantation in the south-east of the country.

The group is well financed to roll out its ambitious plans after raising US$15 million last year from investors at 3 pence a share.

Today’s announcement underlines the commitment to diversify its agricultural operations, which is currently focused on the production and processing of maize in Mozambique, and rearing cattle.

Agriterra wants to be a “field to fork” operator across a number of sectors but focused on Africa, so cocoa, coffee and palm oil fit that bill.  

It has also made a bold and decisive move into logistics by signing a concession agreement to run and develop the port of Conakry in Guinea.

The 30 hectare site is a gateway for all sorts of exports from palm oil, cocoa, rice and livestock, through to industrial commodities such as iron ore and bauxite.

Chief executive Andrew Groves said today: "Our cocoa buying and trading operation in Sierra Leone, TFL, is rapidly advancing its aggressive growth strategy to become a leading in-country trader of sustainable and traceable cocoa by the end of the year.  

“In line with this, it is focussed on building its direct buying register, securing a major new 15-acre management facility and acquiring a large cocoa plantation.  Having done the leg work and built its foundation and reputation, it is also looking to expand its commodity reach to include coffee and palm oil. 

"TFL's exciting business model provides a third revenue stream for Agriterra and complements our other agricultural businesses, which comprise maize farming and milling, the cattle ranching business which has reached 2,900-head, feedlot facilities and soon to be finished abattoir services and palm oil.” 


No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.