Cargill to enter the seafood production market
Tuesday, February 9, 2021
Cargill, the world’s largest agricultural commodities trader is scouting for deals to access the $400 billion global fish market, according to Bloomberg. The company now wants to produce and process seafood products, CEO Dave MacLennan said in an interview.
Cargill is now in search of new deals. “We want to further integrate into the seafood supply chain and we don’t own anything yet, but we are scouting for opportunities,” said MacLennan.
The company has 38 aquafeed facilities in 20 countries and currently focus on three core species in 12 leading markets: salmon in Norway, Chile, Scotland and North America; tilapia in China, Indonesia, Thailand and Vietnam; and shrimp in China, Thailand, Vietnam, Indonesia, Ecuador, India and Mexico.
Photo source: Cargill.
Check out the latest industry job openings in our Job Board.
We are social. Connect with us on:
Sign Up For Our Publications
Select a newsletter/magazine and submit your e-mail to subscribe.