WHO unveils new plan to eliminate use of trans fats in food

USA - The World Health Organisation (WHO) has unveiled a new plan to eliminate the use of trans fats, calling for the gains made against the harmful acids in richer countries to be spread worldwide. Industrially produced trans-fatty acids, such as margarine and some hardened vegetable fats, are popular among food producers because they are…

US sugar production down 2.9% from a record high the previous year

USA - US sugar production for 2018-19 is forecast at 8,981,000 short tons, raw value, 2.9% down from record high 9,252,000 tons forecast for 2017-18, according to USDA’s May 10 World Agricultural Supply and Demand Estimates. For the next year, cane sugar production was forecast at 3,945,000 tons, down 2.1% while beet sugar production was…

Astral Foods manage improved results with 15% revenue increase despite bird flu

SOUTH AFRICA - Astral Foods, the South African integrated poultry producer has reported positive results, having managed 15% increase in revenue to US$535.93 million despite challenges with the Avian influenza in the period, according to IOL Business report. While operating profit grew by 392.6%, the group’s operating profit margin increased 15.7% as compared to the…

Pick n Pay partners with MasterCard to donate more free meals at its stores

SOUTH AFRICA - Pick n Pay, the second largest supermarket chain store in South Africa has held up its corporate responsibility through a partnership with MasterCard, where individuals will automatically donate a meal to the Tap to Feed initiative at any Pick n Pay store. Business Daily reported that this initiative was launched on May…

Dangote Sugar revenue declines 30.9% on lower prices in the first quarter

NIGERIA - Dangote Sugar Refineries has reported margin expansion amidst slowed sales impacting on revenue, which declined 30.9% to US$113.84 million due to lower prices in the first quarter. The Vanguard reported that although the company recorded 10.9% increase in after tax earnings to US$14.68 million, these were way too below the estimates by analysts…

Astral commits US$104.7m investment in plant expansion in 3 years

SOUTH AFRICA - Astral Foods, a leading integrated poultry producer has announced plans to invest in plant expansion with more than US$104 million in capital expenditure for the next three years to improve capacity and efficiencies, according to Business Report. Astral CEO Chris Schutte revealed the plans after reporting improved results, a 15% rise in…

Distell restructuring and merger with Capevin to be completed end-May

SOUTH AFRICA - Distell’s merger with Capevin and planned restructuring of its corporate structure is set to be completed at the end of May, reported BusinessDay citing information from analyst. A Sens announcement issued revealed that Capevin, which holds a 29% stake in Distell, will be suspended from JSE on May 30, and its shareholders…

Case against Coca-Cola and Ambo Water over an illegal merger remanded

ETHIOPIA - Case by the Trade Competition & Consumer Protection Authority against bottlers of Coca-Cola and Ambo Mineral Water for an allegedly illegal merger has re-emerged, the tribunal sending the case back to the lower court for further proceedings, reported AddisFortune. The case, dating 16 June 2017 implicated that the two companies, Ambo Mineral Water…

Nairobi Bottlers: Investing in new juice plant on the journey to a total beverage company

Nairobi Bottlers Ltd commissioned a new juice manufacturing plant in May 2017, as the company expands its products offering to meet new consumer requirements for healthier beverages. Food Business Africa had a discussion with Duncan Kimani, the Manufacturing Director for Coca-Cola Beverage Africa’s portfolio of companies in Kenya to discuss the importance of this new…