Logo

Astral Food to chase chicken investment in Mozambique

Astral Food Ltd (ARL) has said it will continue to invest in Mozambique’s poultry market as South Africa’s largest chicken producer by sales moves into neighbouring markets looking to avoid import quotas and benefit from higher profit margins

Chickens AfricaAstral, which owns a feed mill and hatchery in Zambia, cut 150 jobs and froze the pay of 12,000 employees. (Image source: G-lish Foundation/Flickr)

The company, based in Pretoria, opened a hatchery 45km southwest of Mozambique’s capital city of Maputo after operating a feed mill in the country that was set up back in 2000.

“The Mozambican government knows of our efforts to invest in the country,” said Chris Schutte CEO of the company. “It is a country where you can chase investments” and chicken eaten is a fraction of South Africa.

“These countries have political stability, double-digit economic growth and there’s people.” 

Astral, which owns a feed mill and hatchery in Zambia, slashed 150 jobs and froze the pay of 12,000 employees with an aim of reducing feed costs.

Yellow corn and soy cake, which is produced using soybeans, makes up an estimated 74 per cent of the company’s costs.

Close to 20 per cent of chicken in South Africa is imported from markets abroad. 


LATEST NEWS IN Agriculture

African food imports bill predicted to double by 2030

African food imports bill predicted to d…

Experts have warned that the cost of Africa’s yearly food imports could increase from US$50bn to US$110bn by 2030 if immediate measures aren’t taken to increase food production

Wildlife and forestry sector in the spotlight

Wildlife and forestry sector in the spot…

On August 22, the 23rd session of the African Forestry and Wildlife Commission, hosted by the Government of the Democratic Republic of the Congo opened in Kinshasa, putting the future...

Boosting investment for Africa-made cotton

Boosting investment for Africa-made cott…

At a partner’s conference on cotton, jointly organised with the World Trade Organization (WTO) and the UN Conference on Trade and Development (UNCTAD), donors were urged to mobilise resources for new partnerships.   

Nature-based solutions help farmers in Ghana

Nature-based solutions help farmers in G…

Organic pesticides, waste-based fertilisers and forest regeneration are just a few of the green initiatives being employed in Ghana to boost farming communities’ resilience to the impacts of climate...

Boosting soil nutrient mapping in sub-Saharan Africa

Boosting soil nutrient mapping in sub-Sa…

The Food and Agriculture Organization of the United Nations (FAO) is set to fast track an impact-oriented project in sub-Saharan Africa and Central America for digital soil nutrient mapping, after...

Gambia-Korea partnership seeks to double rice production to curb food insecurity

Gambia-Korea partnership seeks to double…

President Adama Barrow has received a delegation led by the Korean Ambassador to The Gambia, HE Kim Ji-Joon, at the State House in Banjul to announce the delivery of sample rice...

Prev Next

OTHER RELATED ARTICLES - Agriculture

Successful cotton harvest predicted for Zimbabwe in 2013

Successful cotton harvest predicted for …

Zimbabwe has been predicted to experience another good cotton harvest in 2013 as figures from the Cotton Ginners’ Association (CGA) have revealed that more than 8,000 tonnes of seed have...

Zambia maize to ease supply problems?

Zambia maize to ease supply problems?

A recent report has outlined how Zambia is using its robust maize stocks to fill a regional gap

AfDB and AGRA partner to boost African agriculture

AfDB and AGRA partner to boost African a…

The African Development Bank (AfDB) and the Alliance for a Green Revolution in Africa (AGRA) have announced a partnership to address Africa’s agricultural issues

AfDB releases report on capital flows for forest development in Africa

AfDB releases report on capital flows fo…

The African Development Bank (AfDB) and the Climate Investment Funds’ forest investment programme (CIF FIP) have released a report on how unlocking capital can foster forest sector development in Africa...

Eni, Ghana inaugurate business and agricultural training project

Eni, Ghana inaugurate business and agric…

Italy’s Prime Minister Giuseppe Conte, Ghana’s Senior Minister Yaw Osafo-Maafo and Eni’s CEO Claudio Descalzi have inaugurated the Okuafo Pa Agricultural Training Centre in Dormaa East

Gates Foundation’s US$13.8mn project to improve banana cultivation in East Africa

Gates Foundation’s US$13.8mn project to …

Bill & Melinda Gates Foundation has launched a US$13.8mn Seed Farmer Market Consumer (SeFaMaCo) programme to improve banana production in East African countries by developing higher-yielding, disease-resistant varieties

Nigeria to develop an overall farming ecosystem

Nigeria to develop an overall farming ec…

Springfield Agro Limited, in partnership with Mahindra & Mahindra Ltd, has announced its collaboration with the Katsina State government to develop agriculture and a farming ecosystem in Nigeria and provide...

Date Palm plantations progresses to semi-commercial stage

Date Palm plantations progresses to semi…

Eritea's Ministry of Agriculture (MoA) is promoting date palm plantations in different parts of the country since 2003 and has distributed more than 20,000 seedlings

AGCO Africa Summit discusses small farm productivity

AGCO Africa Summit discusses small farm …

US agricultural equipment manufacturer, AGCO, revealed it will invest US$100mn in Africa over a three-year period by the end of 2012 at AGCO Africa Summit 2014

SOA-Mitsinjo gets young farmers involved in agroecological practices

SOA-Mitsinjo gets young farmers involved…

Technical and field trainings on resilient agriculture, water management and soil fertility management by Syndicate des Organisations Agricoles (SOA)-Mitsinjo has resulted in young farmers from Analamanga region of central Madagascar...

Severe cash crunch threatens WFP operations in Ethiopia

Severe cash crunch threatens WFP operati…

The Ethiopian authorities, together with WFP and other partners, are struggling to address the hunger crisis in the country as WFP urgently needs US$579mn to deliver food aid and livelihood...

Spotlight on Ethiopia’s tree-planting programme

Spotlight on Ethiopia’s tree-planting pr…

Ethiopia has embarked on an ambitious tree-planting programme and planted more than 350 million trees in a day

Prev Next

Template Design © Joomla Templates | GavickPro. All rights reserved.