NEWS 86 FEED & ADDITIVE MAGAZINE April 2024 Cherkizovo Group acquires Venta-Oil to enhance feed supply AIC Mikhailovsky, part of Cherkizovo Group, signed an agreement to purchase 100% of Venta-Oil, the owner of a grain storage and processing facility. The facility includes a feed production unit (following an upgrade, its annual capacity is set to reach 50,000 tonnes), an elevator capable of storing 54,000 tonnes of grain at a time, a silo structure, and a warehouse for finished products. On top of that, the facility also boasts two grain dryers (80 tonnes per hour) and a certified laboratory. “We take consistent steps to strengthen our Company’s vertical integration, and the recently closed deal is yet another step in this direction. Cherkizovo continues to invest in the Orenburg region, as it sees favorable conditions for business development. The new asset is a stateof-the-art feed production facility that will create good synergies with the other sites the company owns in the region,” said Anastasia Mikhailova, Head of Communications at Cherkizovo Group. Cherkizovo Group owns Vishnevsky Genetics and Breeding Center, which, among other things, provides assistance in pig breeding at sites with a cumulative capacity of over 250,000 heads per year. Cherkizovo states that thanks to the acquisition of Venta-Oil, it will enhance its biosecurity and provide the above sites with high-quality animal feeds. Read more>> The benchmark for world food commodity prices declined for the seventh consecutive month in February, as lower international quotations for all major cereals more than offset rising prices of sugar and meat, the Food and Agriculture Organization of the United Nations (FAO) reported on March 8. The FAO Food Price Index, which tracks monthly changes in the international prices of a set of globally-traded food commodities, averaged 117.3 points in February, down 0.7 percent from January and 10.5 percent from the same month a year ago. The FAO Cereal Price Index decreased by 5.0 percent in February to reach a level 22.4 percent below that of February 2023. Maize export prices dropped the most amid expectations of large harvests in South America and competitive prices offered by Ukraine, while international wheat prices declined mostly due to a strong export pace from the Russian Federation. International rice prices also declined, by 1.6 percent in February. The FAO Vegetable Oil Price Index decreased by 1.3 percent from January to stand 11 percent below its February 2023 value. International soy oil prices dropped markedly, underpinned by prospects of abundant soybean outputs in South America, while ample global export availabilities of sunflower and rapeseed oils pushed their prices down. World palm oil prices rose marginally in February due to seasonally lower production. Read more>> FAO Food Price Index declines further in February
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