Cargill to Sell China Poultry Business to Private Equity Firm

(Bloomberg) — Cargill Inc. is selling its poultry farming and processing business in China, the world’s biggest meat market, to a private equity firm as weak demand and high costs pressure profit margins.

The top agricultural commodities trader agreed to sell its Cargill Protein China operations to DCP Capital, a company spokesperson said, without specifying the value of the deal. It includes all Protein China entities in Chuzhou in Anhui province, including farm locations and manufacturing sites. The deal is expected to close in 2023, subject to regulatory approval.