Buhler joins the World Business Council for Sustainable Development

SWITZERLAND – The milling equipment and service provider, Buhler has joined the World Business Council for Sustainable Development (WBCSD), a CEO-led organisation that looks to enhance a sustainable way of doing business. Buhler joins more than 200 company members of the organisation with a focus to address some of the world’s pressing challenges and transform…

General Mills third quarter sales rise 8% with strong contributions from Blue Buffalo

USA – The multinational consumer goods company, General Mills has reported 8% increase in net sales to US$4.2 billion in the third quarter, including contributions from Blue Buffalo Pet Products which it acquired in 2018. The period ended February 24, 2019 saw operating profit increase 14% while diluted earnings per share (EPS) of $0.74 declined…

Zimbabwean association calls for increased soybean production to curb imports

ZIMBABWE – The Oil Expressers Association of Zimbabwe (OEAZ), an oil producer’s lobby group, has called for increase output of soybean as an intervention to cut reliance on imports. A report by NewsDay reveals that Zimbabwe’s soyabean local demand stands at 400 000 metric tonnes annually against its current production capacity of around 60 000…

Canada’s soybean exports to China more than triples despite production decline

CANADA – Canadian soybean exports to China increased by 230% through the first half of MY 2018/19 despite a decline in production, according to the Global Agricultural Information Network report from the U.S. Department of Agriculture. The report attributed the increase to a record high production in Ontario, high carryover stocks, and Eastern Canadian access…

Nestle Ghana commissions an all-female production line in gender empowerment drive

GHANA – Food and drink company, Nestlé Ghana has commissioned a production line to be run and managed by women as part of its gender empowerment initiative. The plant is the first of its kind in the 62 years history of the company in Ghana. According to the Management of the company, aims at is…

AVI reports decline in revenues on constrained consumer spending

SOUTH AFRICA – AVI Limited, a South Africa based food and beverage company, posted a decline in overall headline earnings down 6% to US$69.38 million during its six months to end December 2018. AVI said that the trading environment was expected to remain difficult, with constrained consumer spending. “Selling prices of core ranges have not…

Viterra opens new high throughput grain facility in Canada

CANADA – Canada’s largest grain handler, Viterra has opened a new high throughput grain facility at Vegreville in Alberta, Canada. The inauguration ceremony was attended by Viterra customers, employees and government officials, reinforcing the company’s commitment to invest in northwest Alberta.  The facility has a storage capacity of 34,000 tonnes and is capable of loading…

ADM buys European citrus flavor ingredients provider Ziegler Group

GERMANY – The global food processing and commodities trading company, Archer Daniels Midland Company (ADM) has reached an agreement to acquire the Ziegler Group, a leading European provider of natural citrus flavor ingredients. ADM said that the acquisition further expands its portfolio of natural citrus ingredients and positions it for growth in the global market…

Rwandan government to bailout Kinazi Cassava Plant to boost operations

RWANDA - Kinazi Cassava Plant Limited, a cassava flour and starch processing plant in Rwanda is set to receive a bailout from government as an intervention that seeks to turn around its unprofitable business operations. According to a report by The New Times, the intervention was informed by government’s assessment of the plant’s operations which…

Tanzania launches US$34.11m project to combat aflatoxin and address food safety

TANZANIA – Tanzania has launched a new project through an investment worth US$34.11 million (TShs80 billion) that seeks to control Aflatoxin, reports Daily News. Speaking during the launch of the project dubbed as ‘Tanzania Initiative for Preventing Aflatoxin Contamination’ (TANIPAC), Agriculture Minister, Mr Japhet Hasunga, noted that the five-year project would also address food safety…