The company reported livestock numbers of 3,750, including 1,000 prized Beefmaster cattle, and said it was optimistic it would meet its objective of 10,000 head by 2015.
Agriterra executive director Euan Kay said: “The aggressive expansion strategy that we have initiated at our beef operations in Mozambique continues to yield results for the company and we are now generating significant revenues from cattle sales from the Vanduzi feedlot. This ramp-up in operations will continue during 2012, as we focus on the continued enlargement of our Beefmaster breeding herd at Mavonde, where we are achieving average sale prices of $1,100.”
Agriterra is currently building a 48bn-litre dam at Mavonde, hoping to increase capacity from 1.5 to seven head per hectare. It has also undertaken a cross-breeding programme at Dombe to increase the total herd size, and developed a new abattoir in Chimoio that should start receiving animals for slaughter in August 2012. Finally, it is in the process of establishing butchers’ shops to maximise margins with a fully integrated system.
“The continued development of our Vanduzi feedlot and abattoir at Chimoio, in addition to establishing butchers’ shops, are the key final elements in our vertically integrated beef business, enabling Mozbife to benefit from the full uplift in value for slaughtered and butchered products,” Kay added.