Banks DIH made a large purchase of local rice for its Banks beer and Banko wine production last year and recorded export revenue of US$1.956m from this aspect of its operations.
According to company Chairman, Clifford Reis, as a result of Research and Development work the beverage giant was able to pioneer the process and as a result purchased 2,000,000 pounds of rice in 2019 for not just Banko wines but also Banks Beer.
The revenues generated from the sale and export of these rice based Banko Wines is $1.3 billion of which US$1.956 million is export revenue, he noted.
