CCL has signed a five year supply agreement with Wellard Rural Exports (www.wellardgroup.com.au), Australia's leading livestock exporter, for the supply of a minimum number of 41,500 head of cattle over that period starting September 2007. At the time of signing CCL had already sold approximately 2,000 head of cattle for $2.3 million, destined for Mexican and Middle Eastern markets.
During August 2007 CCL entered into a Memorandum of Understanding with the Dewan Mushtaq Group of Pakistan (www.dewangroup.com.pk), for CCL to work with Dewan to assist their entry into milk production and processing in Pakistan. The MOU also provides for trading of agricultural products between the companies and their customers, including grain, livestock, meat and stockfeed.