Invest in Ghana - High hopes for nation's poultry industry after Nutreco visit

GHANA - An international animal nutrition and feed company, Nutreco, has expressed interest in investing in Ghana’s poultry and aquaculture feed industry.
A delegation from the company is in the country as part of a West African tour to explore business opportunities to expand the frontiers of feed production in Africa, reports DailyGraphic.

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Currently, the cost of feed remains the biggest headache for poultry farmers, resulting in the broiler sector of the poultry industry in Ghana struggling to cope with stiff competition from imported poultry.

While demand for fish is high in Ghana, local production is not meeting demand. As of 2005, the country was spending nearly US$100 million a year on the importation of 200 metric tones of fish to supplement domestic production.

But giving an overview of Nutreco’s operations in a presentation to officials of the Ministry of Food and Agriculture (MoFA), the Chief Executive Officer, Mr Knut Nesse, said, “The company has what it takes to put Ghana’s poultry on its feet so far as feed is concerned.”

Knut Nesse

The company currently has a giant plant in Egypt where it produces feed for farmed tilapia in that country and in a number of countries in Asia, Europe and the Americas. In addition, Nutreco is the biggest producer of fresh poultry or broiler in Spain, with a market share of 27 per cent.

The century-old Nutreco employs approximately 10,000 people in 30 countries, with sales in 80 countries. The company is listed on the NYSE Euronext Stock Exchange in Amsterdam and had annual revenue of EUR 4.7 billion in 2011 and operates 100 mills in more than 30 countries across the world.

“For aquaculture, we are in 15 countries and provide feed for more than 50 different farmed fish species, including tilapia, salmon and catfish,” Mr Nesse said.

For the full story as it originally appeared in The Poultry Site click here http://www.thepoultrysite.com/poultrynews/27910/nutreco-to-invest-in-ghanaian-poultry

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