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The model allows Beach Management Units (BMUs), youth, and women groups to lease commercial-grade fish cages capable of holding 65,000 fingerlings.

The forecast, released during the IGC’s 62nd Council Session held in London, underscores strong momentum in the grains sector, with total use also expected to climb by 2% year-on-year to 2.372 billion tonnes.

With China’s green light, Bunge has now secured all required regulatory consents, including conditional approvals from key markets such as Canada and the European Union.

WA25 Uganda will bring together over 400 speakers and participants, including leading scholars, industry experts, policymakers, and practitioners from around the world, to discuss solutions, trends, and policy innovations in aquaculture.

The deal also includes an equity covenant of at least 35% and features an “accordion” option, allowing for an additional US$431 million subject to lender approval.

The project aims to support Kenya’s ambitious goal of tripling its national fish production from the current 147,000 metric tons to 450,000 metric tons by 2030.

The decision comes despite Cargill’s longstanding presence in Vietnam and a US$160 million investment that included the construction of 12 feed mills with a total annual capacity of 1.6 million metric tons.

Organised by Informa Markets and supported by the Philippine Department of Agriculture, the twin events are expected to bring together thousands of decision-makers across the livestock, feed milling, meat processing, and aquaculture value chains.

According to the Food and Agriculture Organization (FAO), although women make up nearly 70% of the global aquaculture workforce, their work is frequently undervalued in data systems, policies, and funding frameworks.

The event will span 48,000 square meters, hosting over 500 exhibitors, including major Chinese players such as Big Herdsman, Guangzhou Guangxing, Nxin, Famsun, Zhengchang, and many others.