August 9, 2008

Cargill's Pahang shrimp hatchery to start operations by year-end

Cargill is expecting its new shrimp hatchery for aquaculture in Pahang, Malaysia, to begin operations by year-end.

This business was Cargill's first, with an initial investment of RM 5 million (US$1.5 million), according to Paul Conway, Cargill Asia Pacific president and regional director.

Cargill Feed Sdn Bhd managing director Desmond Tham said there is a niche for Cargill to provide Specific Pathogen Free (SPF) shrimp to the farmers in Malaysia, which would help to secure a good result and stable output and returns.

Conway said Cargill is positive on Malaysia's investment climate, especially in the agriculture and aquaculture sectors.