Olam, InVivo to jointly develop animal feed solutions in Nigeria.

Global agri-business Olam International Ltd. and leading French feedstock company InVivo Animal Nutrition & Health have signed a consulting agreement to jointly develop expertise in animal feed in Nigeria. The two-year consulting services partnership agreement signed in December will involve technical assistance and sharing of expertise to jointly develop solutions and products in the animal feed space. The knowledge transfer between the two companies will help develop solutions, formulate animal feed, characterize raw materials and implement R&D trials and protocols to enter the animal feed industry in Nigeria. This agreement will see, both companies tap into each other’s proven expertise – Olam for its Africa experience and InVivo NSA for its animal feed proficiency. InVivo NSA will support Olam in the design, equipment selection and installation of its feed mills across Nigeria. Its nutrition and formulation experts will work closely with Olam’s team to build a strong understanding of the local market and develop cost-effective formulations using local and imported raw materials. InVivo NSA will also train Olam’s staff on providing veterinary field support to poultry and fish farmers in order to help deliver consistent product performance. In addition, Olam will gain access to InVivo NSA’s R&D and product development facilities as well as their feed manufacturing units in other developing markets across Asia and Latin America. Olam’s Global Head of Grains, K C Suresh, said: “This partnership follows our announcement in November to enter the animal feed and related businesses in Nigeria. This knowledge-transfer agreement will accelerate our penetration into this space, allowing Olam and InVivo NSA to rapidly scale up commercial activities. In doing so, we look forward to improving productivity and returns for the local fish and poultry producers, which supports Nigeria’s economy.” InVivo NSA’s CEO, H. de Roquefeuil, adds: “Developing key partnerships with major players and accelerating our footprint in Africa is at the core of InVivo Group’s 2025 strategy. We look forward to leveraging off Olam’s Africa experience to bring our differentiated expertise to the region.” The global feed industry is a growing part of the agri-commodity complex with attractive returns and a strong growth outlook, particularly in emerging markets such as Nigeria. Olam has a 25-year history in Nigeria across multiple commodities. Its recent decision to expand into the animal feed industry was based on a comprehensive study of the sector and its existing expertise in the agri-commodity complex in the region. Nigeria was chosen as the first point of entry due to its strong growth outlook and demographics where the commercial feed market is expected to grow at over 10 percent CAGR over the next 5 years. read more at wattagnet.com

Olam invests $150M in Nigerian poultry, feed sectors.

Olam International to invest in animal feed manufacturing, poultry breeding and hatchery in the states of Kaduna and Kwara in Nigeria. Olam International (also known as Olam Group) plans to invest NGN30 billion (US$150 million) in two state-of-the-art feed mills, poultry breeding farms and a hatchery to produce day-old chicks in Nigeria. A groundbreaking ceremony in Kaduna state last week was attended by Olam Group Nigeria and the governor of Kaduna State, H.E. Malam Nasir el-Rufai, and Minister of Agriculture and Rural Development Chief Audu Ogbeh, who was representing the president of Nigeria, H.E. Muhammadu Buhari. “This is the latest investment by Olam in Nigeria’s domestic food and agricultural production sector after our recent investments in wheat milling assets and the ongoing development of our 10,000-hectare rice farm and mill in Nasarawa state,” said Olam’s CEO for Africa, Venkataramani Srivathsan. “This new venture into animal feed is a win-win for Olam and Nigeria. Domestically produced meat is being hampered by a lack of good quality feed, support for farmers and availability of young stock, but consumption is set to increase. By investing in poultry and fish feed, we can utilize the wheat bran from our wheat milling operations, as well as maximize our sourcing networks to buy corn and soy from local farmers. Our investment in the hatchery will help boost poultry production and, in the long run, help reduce the country’s reliance on imports. This development underlines the continued confidence we share in Nigeria’s ambition for self-sufficiency.” Approximately two-thirds of the total investment is committed to building and operating the facilities in Kaduna state, with the balance to be invested in an integrated poultry and fish feed mill in Kwara state. Total annual feed capacity is expected to be more than 600,000 metric tons. The Kaduna mill will supply mainly Nigeria’s northern markets, while the southwestern region will be the main focus of the Kwara plant. Sourcing corn and soybeans locally, it is hoped the feed mills will encourage domestic production of these crops, and food security will be improved with Olam’s planned construction of in-house storage of 100,000 metric tons. The poultry breeding farm in Kaduna is expected to produce more than 1 million hatching eggs each week to the hatchery. Olam International,based in Singapore ,is a leading agri-business operating across the value chain in 70 countries, supplying a range of products across 16 platforms to more than 16,000 customers worldwide. They have a direct sourcing and processing presence in most major producing countries, Olam has built a global leadership position in many of its businesses. source Wattagnet.com