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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.

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