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August 4, 2015


Cargill Getting into Shrimp Farming



Minnesota-based agribusiness giant Cargill’s top aquaculture executive is not ruling out an expansion into shrimp farming, after announcing a $30 million investment in a joint venture to produce 130,000 metric tons of feed in Ecuador.


Hugo Contreras Mayagoitia, managing director of Cargill’s aquaculture division since July 2014, said moving downstream in shrimp and fish farming is on the agenda for the future.  “The world needs more sources of lean protein, and in our organization we are dedicated to helping in that space.  Historically, we have been very committed in doing this in the nutrition part of the supply chain,” said Contreras.  “We see us down the road playing in other parts of the supply chain, as we have done in other species.”


The aquaculture division of Cargill, which had sales of $134 billion in 2014, is under the company’s animal nutrition and protein business unit.  In other sectors, such as beef, chicken and pork, the company supplies feed and also farms the animals.


Source: Undercurrent News [eight free news reads every month].  Editor, Tom Seaman.  Cargill Aquaculture Division Head Not Ruling Out Expansion Into Shrimp Farming.  Tom Seaman  (  August 3, 2015.

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