Fishmeal Shortages Sparking M&A as Cargill Eyes Aquaculture
Demand for seafood growing faster than for beef, poultry or pork
A fifth year of fishmeal shortages is leading to a rush of mergers and acquisitions as companies including Cargill Inc. seek to meet demand for seafood that’s growing faster than for beef, poultry or pork.
Cargill, the biggest grain trader, will keep expanding in aquaculture as world demand for food protein is seen growing 70 percent by 2050, said Neil Wendover, a global marketing director at its animal nutrition unit. The Minneapolis-based trader, along with Aqua-Spark and others, provided $30 million in funds to fish-feed maker Calysta Inc. this month. To read more click here.