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2 clusters · 2 sources · 17 days · First seen · Last updated
Global poultry industry investment trends
Overview
Recent developments show significant foreign investment aimed at expanding poultry production and reducing import dependency in various regions.
In Paraguay, the Brazilian company Grupo Pluma Agroavícola announced a USD 50 million investment in the Caaguazú department. The project, located in Yhú, aims to produce 6 million fertile eggs per month to meet domestic demand and includes a feed processing plant to support the local corn economy.
In Ghana, Agrium Capital signed a US$270 million agreement with the nation’s 24-Hour Economy and Accelerated Export Development Programme. This initiative seeks to establish a commercially viable poultry sector to enhance food security and reduce an annual import bill estimated at US$400 million. The project is expected to create 12,000 direct jobs, with long-term production targets reaching 50,000 tonnes of processed broiler products.
Entities
Agrium Capital · Caaguazú · Grupo Pluma Agroavícola · Ghana EXIM Bank · Augustus Goosie Tanoh
Timeline
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[BUSINESS] 2 sourcesAgrium Capital and Ghana sign US$270 million poultry investment agreement
Agrium Capital and Ghana’s 24H+ programme have signed an agreement for a US$270 million poultry investment to create 12,000 jobs and reduce national poultry imports.
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[BUSINESS] 4 sourcesGrupo Pluma to invest USD 50 million in Paraguayan poultry industry
Brazilian firm Grupo Pluma Agroavícola will invest USD 50 million in a new poultry project in Yhú, Paraguay, aiming to produce 6 million fertile eggs monthly and reduce import dependency.
Sources
myjoyonline.com · thechronicle.com.gh