Olam International, the Singapore-based food commodities group, acquired 10 million shares in NZ Farming Systems Uruguay, lifting its stake to 18.4% and strengthening its portfolio of New Zealand dairy interests.

As a result, all of RPI's assets have been liquidated after receivers were called in to the beleaguered investment company earlier this month.

Olam said the augment in interest in NZFSU is part of its dairy tactic to boost its careful involvement in dairy farming in low-cost producing countries that will supply a momentous cost pro.

Olam had acquired its opening 14% stake in Farming Systems last September, when it bought 35 million shares at 41 cents apiece from Australia's Hunter Hall Investment Management. The shares jumped 5% to 41 cents.

Singapore-listed Olam International, having increased its stake in NZ Farming Systems Uruguay snapping up Rural Portfolio Investment's stake in the company is being termed as an intelligent tread.

This has raised Olam's stake in NZ Farming Systems Uruguay to 18.4% from 14.3%.