Global agri-giant Cargill's acquisition of a stake in Chilean salmon farmer Multi X will give the group a foothold into the burgeoning US market, and act as a foundation for the group's fledgling seafood operation.

While Cargill has been a major player in aquaculture feed since its $1.5 billion (€1.35 billion) acquisition of Norwegian feed giant Ewos, the 24.5 percent stake in Multi X gives the $134 billion (€121 billion) company its first significant stake in a major seafood supplier.