Cargill to Sell China Poultry Business as Meat Margins Fall

Hallie Gu and

Dong Cao

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Cargill Inc. is selling its poultry farming and processing business in China, the world's biggest meat market as weak demand and high costs continue to pressure margins.

The world's largest agricultural commodities trader has agreed to sell its Cargill Protein China operations to private equity firm DCP Capital, a company spokesperson said, without disclosing terms. The deal is expected to close in 2023, subject to regulatory approval.