Bunge Loders Croklaan opens new edible oils facility in China

CHINA – Bunge-owned edible oils business, Bunge Loders Croklaan (BLC) has inaugurated a new edible oils processing facility in Xiamen, China. The facility expands BLC’s capability to deliver plant-based specialty oils and fats ingredients for […]

DSM and Evonik opens US$200m Veramaris fish feed facility in the US

USA – Royal DSM in collaboration with the Dutch industrial corporation have inaugurated US$200 million commercial facility in Blair, Nebraska dedicated to production of sustainable aquaculture feeds. Veramaris is a 50-50 joint venture between DSM […]

South Africa’s maize supply to last until 2020 – says Agbiz

SOUTH AFRICA – The Agricultural Business Chamber of South Africa (Agbiz) says that the country has sufficient maize supplies to last until April 2020, despite declining production in some producing areas. According to Wandile Sihlobo, […]

Flour Mills of Nigeria full year revenues decline 3.37% to US$1.45bn

NIGERIA – Flour Mills of Nigeria Plc, one Nigeria’s leading integrated food and agro-allied company, reported a 3.37% decline in revenue to US$1.45 billion (N524.41bn) for the year ended March 31, 2019 from  US$1.51 billion in […]

Viterra introduces dynamic binning for barley to improve supply chain

CANADA – Canadian grain merchant Viterra is introducing dynamic binning for barley across its network for the 2019-20 harvest as part of the plan to improve efficiency in its supply chain. Growers will have the […]

Cargill’s revenues dip 1% as earnings suffer uncertain business environment

USA – Cargill’s full-year revenues decreased 1% to US$113.5 billion as uncertain global business environment slowed down earnings during the period. In the fiscal 2019 fourth quarter ended May 31, 2019, operating earnings were US$476 […]

French grain cooperatives form export alliance to boost export

FRANCE – France’s agricultural cooperatives dealing in grain have formed a new export alliance in a bid to improve their competitiveness in the overseas grain market, reports Reuters. The joint venture comprising of three of […]

Campbell sells Kelsen snacks business to Ferrero affiliate for US$300m

DENMARK – Campbell Soup Company has agreed to sell its Kelsen Group business to a Ferrero affiliated company for US$300 million. Campbell said the divestiture of the Denmark-based baked snacks business would enable it reduce […]

ADM and Cargill agree to sell grain elevators in the US

USA – Multinational grain merchants, Cargill and Archer Daniels Midland Co. (ADM) have agreed to exchange ownership of some of their grain facilities in the US Midwest, a Reuters report reveals. The deal whose financial […]

South Africa’s Libstar launches par-baking facility to expand convenience foods

SOUTH AFRICA – Libstar, one of the leading producer of consumer packaged goods (CPG) in South Africa has launched an additional par-baking facility at its bakery division, Amaro Foods, to expand production capacity. The company […]