Agriteria looking for new opportunities #mozambique

The Guernsey registered company Agriterra on Thursday announced that it is looking to expand its operations in Mozambique to meet the growing demand for beef. According to the company, “with strong demand for beef and an increasing herd carrying capacity, the Group is looking at expansion opportunities in northern and central Mozambique, to take advantage of the resource and extractive industries growth, as well as increasing demand from the local population”. It pointed out that Mozambique is expected to continue to be “one of the fastest growing economies in sub Saharan Africa, significantly above the average world rates”. The company has been focussing on its beef operations in the central province of Manica. It has increased irrigation on its 2,350 hectare farm at Mavonde and the 2,500 hectare farm at Inhazonia. This will allow it to increase its herd to 13,800 animals. The Company's breading herd now stands at 4,800 with another 1,300 cattle being fattened at the ranches. Agriterra currently has two breeding ranches (at Mavonde and Dombe) and a grass fattening ranch (at Inhazonia). It is in the process of assessing the possibility of increasing the Inhazonia ranch by 7,000 hectares. The company provides 600 animals per month to its butcheries in Chimoio, Beira, Tete and Manica. Its retail outlet in the city of Beira is generating revenues in excess of 70,000 US dollars every month.