Proactiveinvestors recommends

Additional Information

Market:	TSX-V
Sector:	Food Producers
EPIC:	FRN
Latest Price:	0.17 (-2.94% )
52-week High:	0.61
52-week Low:	0.17
Market Cap:	23.94M

1 year chart

1 day chart

Feronia Full Feronia profile here
The Company's focus is on its Arable Farming operations and Oil Palm operations. The Arable Farming division is modeled after Brazil's wildly successful large-scale, mechanized farming operations. The Oil Palm division consists of the historic Feronia PHC plantations which have been in operation since 1911 and Feronia Seeds, Africa's pre-eminent seed breeding and sales operation.

Feronia completes largest single rice planting in Congo

Saturday, December 03, 2011 by Olivia D'Orazio

Feronia (CVE:FRN) said Wednesday that its arable farming division has finished planting 1,200 hectares of rice in the Democratic Republic of Congo (DRC), the largest single rice planting.

The company holds a 10,000-hectare concession in the Bas-Congo province of the DRC, located about 200 kilometres from the nation's capital, Kinshasa.

Feronia said it cleared 2,000 hectares of land to plant two varieties of rice - NERICA-4 and NERICA-7 - on 1,200 hectares. The operation was full mechanized, using John Deere and Massey Ferguson tractors, it said, and soil acidity was corrected using locally-sourced lime.

The company said it expects to harvest and process the rice in February 2012. After that, it will replant the land with edible beans, which will be harvested in May 2012.

Feronia COO Raymond Batanga said: "This is an exciting milestone for Feronia's arable farming operations. We have proven that we can source all the necessary inputs and equipment and mobilize the required expertise to implement large-scale mechanized farming in the DRC.

"While we had planned to reach 2,000 hectares on our first large-scale planting, a delay in the arrival of our large horsepower tractors meant that our larger drills were not utilized throughout the entire sowing period and fewer hectares were sown.

"We are confident that this will not be an issue in our next rice planting season and are pleased to have completed the largest single rice planting in DRC - a huge milestone for Feronia's arable operations."

Feronia's focus is on its arable farming operations and oil palm operations in the Democratic Republic of Congo, Africa.

It employs Brazilian and US-style agriculture systems at its arable operations for the greatest efficiency and economies of scale.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). 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.