AFRICAN & MIDDLE EAST NEWS

The proposed funding could support agricultural production and value chains, creating opportunities to strengthen local feed ingredient supplies in a country that cultivates only a quarter of its arable land.

The proposed facility is part of a US$400 million expansion across Africa, with Olam Agri aiming to increase poultry feed production.

The proposed 60-tonne-per-day processing plant will produce soybean meal for animal feed.

The integrated facility will combine poultry and aquafeed production with bulk storage, adding capacity closer to livestock and aquaculture producers in southern and southeastern Nigeria.

The global consolidation brings premixes, concentrates, young animal feeds and specialist feed ingredients under one brand, with Agrimprove and Earlyfeed incorporated into the Nuscience portfolio in EMEA.

The new destination marketing office will connect regional customers with ADM’s global supply chain and portfolio of feed ingredients and animal nutrition products.

The initiative aims to improve fodder availability, support milk production, and reduce livestock losses during dry seasons.

The indefinite suspension could affect livestock supplies for slaughter as the country faces rising beef demand and pressure on red meat prices.

The facility can produce more than 10 million fingerlings annually, strengthening access to quality juvenile fish for aquaculture producers.