Cargill plans for 5th feedmill in South Korea


Cargill will build its fifth livestock feedmill in South Korea as early as 2018 to expand output and more effectively compete with market leader, the National Agricultural Cooperative Federation, or Nonghyup. Cargill said it plans to capitalise on its growing feed market, which has reached USD 8.85 billion, in line with the country’s increasing meat consumption.

“We haven’t decided yet as to where we are going to construct the fifth mill. But it will probably be in either the Gyeongsang or Jeolla provinces,” said Lee Bo-kyeun, CEO of Cargill Agri Purina, Cargill’s South Korean business unit. The company is the third largest producer, employing 600 workers, after Nonghyup and Harim in the world’s ninth largest livestock feed market.


Readers choice: TOP-5 articles of the month by UkrAgroConsult