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Acquaculture

This partnership is an important signal of the companies’ long-term commitment and confidence in Chile and the future of the salmon industry in the country

Multiexport Foods SA, a pioneer and leader of salmon farming in Chile, has announced that Cargill, the global food and agriculture company, has agreed to purchase 24.5 per cent of the shares of Salmones Multiexport SA (Multi X), the subsidiary of Multiexport Foods SA. In turn, Mitsui, a shareholder of Multi X since 2015, will increase its shareholding by 1.13 per cent, to 24.5 per cent.

Multiexport Foods SA maintains control of Multi X with 51 per cent of the total shares. The transaction is subject to certain regulatory approvals and the fulfillment of conditions agreed by the parties.

This partnership is also an important signal of the companies’ long-term commitment and confidence in Chile and the future of the salmon industry in the country.

“Adding Cargill as a new partner of Multi X will be a strategic and decisive step in the next stage of development of the company and its purpose to win over the world’s consumers with high-quality, value-added, sustainable products sold under our brands ‘Multi X’, ‘Arka’ and ‘Latitude 45’,” said José Ramón Gutiérrez, Chairman of Multiexport Foods SA.

Tim Noonan, managing director for Cargill’s seafood business commented, “This partnership is an important next step in the development of our seafood strategy and will leverage our capabilities across the value chain, including consumer insights, culinary innovation, value-added processing know-how, risk management, and fish nutrition and health solutions. As a result, we hope to provide more customers and consumers with access to Multi X’s high-quality portfolio of private label and branded salmon products.”

This partnership is an important signal of

Acquaculture

The record-breaking growth was achieved in normal earthen ponds by applying SISTA360 protocols developed by the R&D wing of the Kings Infra

Kings Infra Venture, a technology-driven sustainable aquaculture company, has set a world record in the growth of pond-based aquaculture of L Vannamei shrimps by harvesting shrimps weighing 80 gms (210 mm). L Vannamei commonly known as the white leg shrimp are native to the eastern Pacific Ocean, from the Mexican state of Sonora to as far south as northern Peru. The record-breaking growth was achieved in normal earthen ponds by applying SISTA360 protocols developed by the R&D wing of the Kings Infra.

“The information available with us shows that there is no record of L Vannamei shrimps weighing 80 gm per piece have been grown in an aquafarm anywhere in the world. The SISTA360 protocol farming practice, a proprietary system developed by our R&D team, has enabled us to achieve such a record,” said Shaji Baby John, CCMD, Kings Infra.

“SISTA360 is an integrated system based on symbiotic technology using principles adopted from BIOFLOC, Aquamimicry, and IMTA methods of aquaculture and adapted to Indian conditions. The achievement gains further significance as the farm used only antibiotic-free feed, probiotics, and natural supplements, Ingredients such as curd, jaggery, turmeric, moringa leaves, garlic, tamarind, and other ingredients were used regularly under this protocol to improve immunity and disease resistance as well as improve growth rates,” he added.

The successful harvesting of jumbo-sized shrimp is expected to bring a major positive impact on the top-line and bottom-line growth of Kings Infra in the next year. As against the average farm gate price of $5 per kg for farmed shrimp the present initiative would help in realising $15 per kg from the same pond.

The record-breaking growth was achieved in normal