Tanzania’s cashew nuts exports earning plunge 51% amid sector restructuring plans

TANZANIA – Tanzania’s cashew nut exports earnings in the year ending September 2019 declined by 51.4% to US$563.5 million from US$1.16 billion earned in the same period in 2018, a report by the Bank of […]

Nigerian Rice Mill injects US$13.4m to boost production capacity

NIGERIA – Tiamin Rice Mill Limited has invested a total of US$13.37M to boost its production capacity from the current 320 tonnes to 1,520 tonnes per day in line with the Federal Government’s rice sufficiency […]

Flour Mills of Nigeria half year profits rise 16% to US$16.2m

NIGERIA – Flour Mills of Nigeria Plc (FMN), one of Nigeria’s leading integrated food business and agro-allied company, has posted a 16% rise in profit after tax of N5.9 billion (US$16.2m) in its unaudited half […]

IRRI develops sustainable agricultural technologies to bolster production in Asia

ASIA – The International Rice Research Institute (IRRI) and the Asian Development Bank (ADB) are pursuing ways to increase investment for sustainable agricultural technologies. IRRI and ADB have completed a technical assistance project to help […]

Koch Foods breaks ground on new US$55m poultry feed plant in Alabama

USA – Koch Foods is investing US$55 million in a new feed mill in Attalla, Alabama to support the company’s recently expanded processing plant in Gadsden, USA. The Attalla facility, designed with technologically advanced features […]

Cargill invests US$34m to expand feed production capacity in its Texas plant

USA – Cargill has opened a US$34M expansion of its Animal Nutrition & Health facility in Temple, Texas aimed at increasing its feed production capacity to meet the growing needs. Construction of the 70,000 square […]

French grain cooperative Axereal acquires Cargill’s global malt business

FRANCE – Boortmalt, a subsidiary of France’s largest grain cooperative, Axereal, has closed the acquisition of the malt business of global agribusiness company, Cargill. The transaction, whose financial terms were not disclosed, involves acquisition of […]