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February 12, 2012

Agriterra’s cattle ranching operations in Mozambique on target

Agriterra Limited, listed on London’s Alternative Investment Market, continues to expand its Mozambican cattle ranching operations.

The total herd now stands at 3,750, on course to reach 10,000 by 2015. The 5,000 target for 2012 is within reach.

Support infrastructure is being expanded, including a new 48 billion liter dam expected to increase per hectare capacity from 1.5 to 7 head, as well as new feedlots and an expanded stud ranch. The dam will be capable of irrigating 4,000 hectares and provide 132kV of hydroelectric power for the irrigation pumps.

In its efforts to encompass all aspects of the beef business, the company has opened a number of butcheries. A new abattoir with a capacity of 4,000 head per month will commence operations in August 2012. Average carcass prices range from US$ 835 to $1100 each.

African Agriculture

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