JAKARTA – Cargill is considering an investment of $1 billion in Indonesia, with an eye toward entering the country's poultry sector and expanding its palm business, Reuters reported.

In remarks during a roundtable discussion with reporters, Cargill CEO David MacLennan said Indonesia's poultry sector has great potential because Japan is considering Indonesian chicken as a replacement for volumes that have declined from China because of food-safety issues.

Additionally, poultry demand is growing in Indonesia due to more affluent Indonesians turning toward a diet based on bread and meat-based foods. Indonesia is the world's fourth most populous country.