Agropur invests in South America

    LONGUEUIL, QC, Nov. 8 /CNW Telbec/ - Agropur cooperative, Canada's
largest dairy cooperative and Adecoagro, a leading food and renewable energy
producer with operations in Argentina, Brazil and Uruguay, are proud to
announce an agreement to form a joint venture to develop new dairy business in
South America.
    Both Adecoagro and Agropur share a strong link with milk production
activity, directly as a producer in the case of Adecoagro and through its
members in the case of Agropur. As a result of such association between two
similar but complementary backgrounds, the joint venture will benefit from the
combination of Agropur's industrial and commercial know-how in the
international dairy markets and Adecoagro's expertise in sustainable and
efficient production.
    The joint venture will focus its first efforts in Argentina, although its
long term scope will not necessarily be limited to that country.

    About Adecoagro

    Adecoagro, founded in 2002, is strongly oriented towards administration
through values. Through sustainable production systems, cutting edge
technology and risk diversification, Adecoagro is seeking to become the lowest
cost producer, of ethanol, milk, sugar, grains, rice, coffee, cotton and beef
in Argentina, Brazil and Uruguay.

    About Agropur

    Founded in 1938, Agropur cooperative is a leader in the Canadian dairy
industry, with sales of $2.3 billion. It has 3,939 members, 4,300 employees
and 21 plants, as well as numerous distribution centers across the country. It
processes over 2 billion litres of milk per year and offers an impressive
product line, including such famous Canadian brands as Québon, Oka, Sealtest
and Natrel.

For further information:

For further information: Julie Boursiquot, Senior Advisor, Public
Relations and Communications, Agropur, (450) 928-5454, ext. 4564

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