May 4, 2021

 

Cargill-InnovaFeed deal aims to feed 20 million piglets with insect oil


 

Cargill and French biotech firm InnovaFeed will aim to feed 20 million piglets with insect oil by 2026 as part of a wider alternative protein deal, both companies announced.

 

Insect feed has become an increasingly popular alternative in agriculture and aquaculture as demand for animal feed surges, pushing feed grain prices higher, and as more companies work toward reducing their carbon footprint.

 

Cargill and InnovaFeed announced a first agreement in 2019, initially focusing on fish feed.

 

"The expansion of this partnership will include more species, starting with the use of oil derived from insects for pig feed," the companies said in a joint statement on May 3.

 

InnovaFeed will produce the insect oil in its plant in Nesle, northern France, currently the world's largest. The oil will be shipped to Cargill in the United States for inclusion in animal feed products, Innovafeed's spokeswoman said.

 

Insect oil is rich in lauric acid, a fatty acid that helps improve the intestinal health of animals, especially piglets, the companies said.

 

InnovaFeed has also teamed up with US grain trader and processor Archer Daniels Midland (ADM) last year to build the world's biggest insect protein plant in Decatur, Illinois, the US.

 

- Reuters