Rwanda launches the fourth Agriculture Transformation Strategy that cost US$3.14m

RWANDA - Rwanda has launched the fourth Agriculture Transformation Strategy (PST4) that is designed to significantly increase farm productivity and promote value addition to food, for US$3.14 million (Rw2.7 trillion), AllAfrica reported. According to the Ministry of Agriculture and Animal Resources (MINAGRI), the five-year plan strategy has four priority areas; innovation and extension, productivity and…

Zimbabwe’s tobacco production hits highest at 207m kilograms in 2018

ZIMBABWE – The production of tobacco in Zimbabwe has hit its highest this year, when it produced 207 million in kilograms, according to Tobacco and Industry Marketing Board. According to AllAfrica, the board also confirmed that tobacco sales went up 29% from 161m kg, and the total crop value of the crop also increased to…

China’s growing protein meal demand will continue to drive soybean imports

CHINA - China’s oilseed consumption continues to grow, driving demand for increased oilseed imports and government support to expand oilseed production, according to GAIN. According to GAIN reports, the total oilseed consumption for 2018/19 is to reach 164.3 million metric tons (MMT) based on the continued growth of the animal husbandry industry’s demand for protein…

Starbucks Corporation introduces Teavana as Chief Financial Officer to retire

USA – Starbucks Corporation, an American coffee company and coffeehouse chain, has announced that that Scott Maw, executive vice president and chief financial officer, is retiring effective Nov. 30, 2018. According to the company, it has already launched an external search for a new CFO. After his retirement, Maw will continue to support the transition in a…

Roha launches innovative solutions for stains on necks of beverage bottles

INDIA - India-based colors company, Roha, has launched an innovative solution to tackle the issue of neck ringing, the formation of the oily ring like stains on the necks of beverage bottles. According to FoodingredientsFirst, the company’s scientific experts have been working with clients in their labs and have revealed their so-called breakthrough product for the…

Nestle’s membership suspended for failure to submit palm oil sustainability report

ASIA – Nestle, a Swiss transnational food and drink company, had its membership of industry watchdog the Roundtable on Sustainable Palm Oil (RSPO) suspended as the Swiss food group when it failed to submit a report detailing how it would ensure the use of certified sustainable palm oil, the RSPO said. According to Reuters, the…

General Mills announces Q4 and full-year results with net sales increase to US$15.7b

USA – General Mills, an American multinational manufacturer and marketer, has announced fourth quarter and full-year results with increase in net sales to US$15.7 billion in the full year. According to the company, the annual net sales increased 1 percent to US$15.7 billion; organic net sales were flat to last year The operating profit decreased…

EFSA gives recommendations on risks posed by pesticides in infant food and drinks

EUROPE - The European Food Safety Authority, the agency of the European Union that provides independent scientific advice and communicates on existing and emerging risks associated with the food chain, has made recommendations to further protect young infants from potential risks posed by pesticide residues in food. According to the agency, the proposals are part…

Spur takes 51% stake in Nikos grill, seeks to expand restaurant portfolio

SOUTH AFRICA - The steakhouse franchise restaurant chain, Spur Corporation has acquired 51% stake in Nikos Coalgrill Greek chain, a brand that the company believes has the potential to expand to about 50 restaurants nationally over the next few years. Spur CEO Pierre van Tonder said that Spur was seeking out more opportunities in a…

DSM launches an enzyme that allows bakers to reduce ascorbic acid in bread

NETHERLANDS - Royal DSM has launched a new enzyme called BakeZyme AAA that allows bakers to reduce the level of ascorbic acid in their recipes while not compromising on flavor and texture. This is an addition to its range of BakeZyme enzymes portfolio used in various applications including brewing, baking, fruit processing, dairy, oils &…