South Africa’s beef imports to remain flat as production to increase 4%

SOUTH AFRICA - South Africa’s beef imports for the year 2018 are estimated to remain relatively flat at about 45,000 tons, close to 2017 which saw a decline in domestic beef supplies due to a severe drought in the preceding years. USDA reported that possibility to grow imports was suppressed by low demand for beef.…

Kenyan dairy production increases by 25% to reduce milk powder imports

KENYA – The Kenyan dairy sector has reported a 25% increase in milk production according to the Kenya Dairy Report. Latest industry report by the Kenya Dairy Board covering between January and March indicated the volume of milk has gone up from 47.9 million kilogrammes in January to 60.2 million kilogrammes last month. According to Business…

Lesaffre announces the acquisition of Tunisia’s Rayen Food Industries

TUNISIA – Lesaffre, a French yeast manufacturer and the world's largest producer, has announced the acquisition of a majority shareholding in the company Rayen Food Industries in Tunisia. Rayen Food Industries is the largest production plant of baker’s yeast in Tunisia. This acquisition is in line with Lesaffre’s goal of strengthening its presence on the…

Investors to pump US$693.7m in Nigeria rice production

NIGERIA - Investors in the Nigerian rice industry are planning to invest about US$693.7 million to enhance domestic production and save on importation costs the country has always incurred. The Guardian Nigeria reports that the announcement was made by the Minister of Agriculture Audi Ogbeh during a Rice Conference organised by Agro Nigeria. This is…

Dangote, Flour Mills of Nigeria boost wheat production with threshing machines

NIGERIA - Dangote, Flour Mills of Nigeria and other stakeholders in the milling industry have donated 50 units AMAR multi-crop threshers to wheat farmers to boost wheat production in the country. According to the Guardian Nigeria, this aims at improving grain production for Nigeria estimated at about 16.3 million tons for wheat, rice, corn and…

Tesco reports 28% rise in annual profits boosted by high sales

UK - Tesco, the British multinational grocery retailer has announced a 28% rise in annual profits to US$2.02 billion, boosted by high sales of up to US$70.98 billion in ninth consecutive quarter of growth. The supermarket’s sales grew 2.8% more than expected in the last three months of its financial year while it made a…

Fonterra partners with Apollo Foods in new technology to boost beverage market

NEW ZEALAND - Fonterra and Apollo Foods, an innovative start-up company have partnered to launch a new technology capable of running dairy and fruit beverages to boost the beverage industry in New Zealand. They have collaborated to install an innovative beverage filling technology that allows production of different containers on site and fill them with…

Walmart nears close of majority stake deal in India’s Flipkart

USA - Walmart, the American multinational retail corporation is likely to close a deal to acquire majority stake in the Indian ecommerce company, Flipkart by June in what ET Retail reports could be the biggest acquisition of an online business by the retailer. Walmart is stepping up its online business against Amazon, which Bloomberg reports…

McCain Foods completes its investment in the Canadian TruLeaf business

CANADA - McCain Foods Limited, a global leader in appetizers and snacks, has completed a strategic investment in TruLeaf Sustainable Agriculture, a highly innovative Canadian agricultural technology company. TruLeaf has developed proprietary indoor vertical farming technology to grow fresh and nutritious leafy greens of high quality and flavour, in an environmentally sustainable way, 365 days…

Cargill invests US$20m to expand egg processing facility

USA - Cargill has invested US$20 million to expand its Big Lake, Minnesota egg processing facility in a bid to meet increasing customer and consumer demand for a greater variety of cooked egg products. The Big Lake expansion includes capabilities to pasteurize, mix and cook a number of additional egg products for foodservice and protein…