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Fishmeal shortages spark M&A rush as Cargill eyes aquaculture

The biggest grain trader seeks to meet demand for seafood that's growing faster than for beef, poultry or pork

London

A FIFTH year of fishmeal shortages is leading to a rush of mergers and acquisitions (M&As) 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 per cent 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...

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