TIDMAGTA 
 
RNS Number : 5758X 
Agriterra Ltd 
08 December 2010 
 

         Agriterra Ltd / Ticker: AGTA / Index: AIM / Sector: Agriculture 
8 December 2010 
                  Agriterra Ltd ('Agriterra' or 'the Company') 
                                Operations Update 
 
Agriterra Ltd, the AIM listed company focussed on the agricultural sector in 
central and southern Africa, is pleased to announce a positive update on its 
grain processing and cattle ranching operations in Mozambique. 
 
DECA & COMPAGRI - Processing and Milling: 
 
·    Operations at the main DECA facility at Chimoio continue to perform 
strongly with demand for product above average historical levels 
·    Sales of processed maize meal for October and November totalled US$2.5 
million 
·    Demand for bran, the milling by-product used primarily for animal feed, is 
increasing weekly, both from local consumers and for export to Zimbabwe 
·    At the Compagri facility in the Tete Province, both buying and processing 
operations continue to be ramped up 
·    The export market for maize meal produced at Compagri is increasing and it 
is currently processing an order for 3,000 tonnes of grain and 1,000 tonnes of 
maize meal for Zimbabwe 
·    Maize meal deliveries to Zimbabwe are now being made and local sales are 
also increasing 
 
MOZBIFE - Cattle Ranching: 
 
·    The Vanduzi feedlot has commenced limited production with the first animals 
delivered for slaughter to the Beira abattoir last week 
·    Slaughter dress out weight percentages were between 58% and 63% which is 
approximately 10% above expected rates 
·    Average sale price achieved per animal was more than US$900 
·    Demand for quality beef on the local market continues to significantly 
exceed supply and the Company is aggressively expanding its feedlot operation to 
help meet this demand 
·    Maize planting is underway on 200 hectares of recently cleared land to 
supply feed to the feedlot 
·    Negotiations with abattoir suppliers based in Holland are underway in order 
to secure the Company's own slaughtering facilities 
·    Further feed pens are under construction and bush clearing programmes are 
progressing well 
·    The Dombe and Mavonde ranches have recorded 238 calves born in recent 
months with more expected and all cattle are regarded as being in exceptionally 
good condition 
·    Scaling up buying operations of Beefmaster cattle with a target herd size 
of 10,000 head 
 
Agriterra Executive Director Euan Kay said, "We remain extremely upbeat about 
our operations in Mozambique, in particular with the progress made at Mozbife. 
The sale of our first cattle at in excess of US$900 per carcass emphasises the 
financial returns possible for an established beef ranching operation in 
Mozambique and the huge potential of Mozbife.  Birth rates are strong and with 
development in all areas of the business progressing at pace, including securing 
our own feed and negotiating the establishment of an abattoir, we believe these 
early successes will continue and that we will fulfil our aim of becoming one of 
the country's largest producers of beef.  This will greatly complement our maize 
processing operations which are performing well ahead of our expectations both 
in the domestic supply and export areas." 
 
                                   ** ENDS ** 
 
For further information please visit www.agriterra-ltd.com or contact: 
+----------------+--------------------------+---------------------+ 
| Andrew Groves  | Agriterra Ltd            | Tel: +44 (0) 20     | 
|                |                          | 7408 9200           | 
+----------------+--------------------------+---------------------+ 
| Jonathan       | Seymour Pierce Ltd       | Tel: +44 (0) 20     | 
| Wright         |                          | 7107 8000           | 
+----------------+--------------------------+---------------------+ 
| David Foreman  | Seymour Pierce Ltd       | Tel: +44 (0) 20     | 
|                |                          | 7107 8000           | 
+----------------+--------------------------+---------------------+ 
| Robin Henshall | Matrix Corporate Capital | Tel: +44 (0) 20     | 
|                | LLP                      | 3206 7000           | 
+----------------+--------------------------+---------------------+ 
| Hugo de Salis  | St Brides Media &        | Tel: +44 (0) 20     | 
|                | Finance Ltd              | 7236 1177           | 
+----------------+--------------------------+---------------------+ 
| Susie Geliher  | St Brides Media &        | Tel: +44 (0) 20     | 
|                | Finance Ltd              | 7236 1177           | 
+----------------+--------------------------+---------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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