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What is the definition of a company or co-operative that is predominantly engaged in the processing of raw agricultural commodities or agri-based ingredients?

April 26, 2017Agricultural Co-operative Commodities COMPANY definition engaged predominantly raw

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What is the definition of a company or co-operative that is predominantly engaged in the processing of raw agricultural commodities or agri-based ingredients?

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Under API, for a company or co-operative to be considered predominantly engaged in the processing of raw agricultural commodities or agri-based ingredients, 51% of the company or co-operative revenues must come from the processing component of the business.