Cargill acquires Colombian poultry products producer Campollo

USA – The global agribusiness company, Cargill has acquired Colombia’s leading chicken and protein products producer Campollo for an undisclosed amount to expand its global poultry business. Campollo which has a strong footprint in Colombia through its products and 20-year presence, will expand Cargill’s business in Latin America that is in Colombia, Costa Rica, Guatemala,…

Cargill to invest US$70m in Thailand’s seafood and poultry in 2 years

ASIA – The American grain and agricultural trading corporation, Cargill has announced that it is committed to invest more than US$70 million in poultry and seafood in Thailand over the next two years. The investment aims to meet global demand and increasing consumption of the products while addressing the company’s innovation strategy. Cargill is looking…

Maple Leaf Foods to build US$497m value-added poultry facility in Canada

CANADA - Maple Leaf Foods, a major Canadian consumer packaged meats company has announced plans to construct a US$497.7 million (CAD 660 million) value-added fresh poultry processing facility in London, Ontario, Canada. The new 640,000 square feet site will help the company meet growing demand and strengthen competitiveness of Canadian poultry sector. According to the…

Venture capital firm Vakayi invests in Zimbabwe’s hatchery ZimAvian

ZIMBABWE -  Vakayi Capital, a venture capital company investing in outstanding entrepreneurs in Zimbabwe has said that it has concluded its second investment project in Zimbabwe, with the latest round in ZimAvian (Pvt) Ltd, a Ruwa based poultry hatchery. The Herald reports that ZimAvian, which produces broiler and layer day-old chicks needs an extra US$250…

USAID awards US$5m grant to University of California to tackle Newcastle disease in Africa

AFRICA – The United States Agency for International Development (USAID) has awarded US$5 million grant to University of California – Davis to aid in tackling the Newcastle disease on the continent. According to GNA, the funding will go towards a project that is looking to identify genes that are crucial to breeding birds with enhanced…

Astral Foods profit soars 78.7% on lower chicken feed costs in 2018

SOUTH AFRICA – South Africa’s leading integrated poultry producer Astral has reported 78.7% increase in group operating profit to US$134.99 million, resulting in an operating profit margin of 15%, ANA reports. According to the company, the year was supported by lower feed raw material costs, higher poultry selling prices as well as higher volumes across…

Bidco Land O’Lakes launches new ‘Kienyeji’ poultry diet in Kenya

KENYA – Bidco Land O’Lakes, a feed-focused joint venture between the American agricultural cooperative Land O'Lakes and Bidco Africa has launched new ‘Kienyeji’ four phase diet for the indigenous chicken. The Kienyeji Feed is expected to improve the rearing of the local poultry raised on either free range or in confinement. According to Bidco Land…

Astral’s earnings growth to double despite lower chicken sales

SOUTH AFRICA - South Africa’s leading poultry producer, Astral Foods has said that its headline earnings per share (HEPS) for the year to End-September are expected to double compared to the previous year’s US$1.29. Business Day reports that the share price of Astral Foods rose 8.4%, the biggest jump in more than a year after…

South Africa to impose 35.3% safeguard duty on EU bone-in chicken

SOUTH AFRICA - South African Revenue Service has published notifications that seek to impose a 35.3% safeguard duty on EU bone-in chicken imports with immediate effect, something that is likely to affect the competitiveness of the commodity in the South African market. A GAIN report by USDA suggests that the European Union, which was the…

Cal-Maine Foods announces definitive agreement to acquire Featherland Egg Farms

USA – Cal-Maine Foods, a fresh egg producer, has announced that it has reached a definitive agreement to acquire substantially all of the assets of Featherland Egg Farms, Inc., relating to its commercial shell egg production, processing, distribution and sale business. According to the company, the assets to be acquired, subject to the completion of…