Macadamia market value grows by 60% in global tree nut consumption

WORLD - Green & Gold Macadamias has reported a 60% rise in global tree nut consumption, which is a testament to the fact that people are eating more and more of them. As a result of this, the market value for macadamias is up by 72%, according to Green & Gold Macadamias, who believe that…

Kaslink and Tetra Pak partner to stay ahead of competition

EUROPE – Kaslink, a Finnish dairy company, has partnered with the global multinational packaging company Tetra Pak to stay ahead of competition in the plant-based dairy drinks markets. FoodingredientsFirst reported that the global market for alternative dairy drinks is expected to reach US$16.3 billion this year alone, according to Innova Market Insights data, a dramatic…

Seed Co Zimbabwe to raise US$19m to support regional expansion and listings

ZIMBABWE - Seed Co Limited, Zimbabwe based producer and marketer of certified crop seeds is seeking to raise upto US$19.2 million through a partial unbundling to support expansion as well as separate listings of its regional operations. The Herald has reported that Seed Co wants to unbundle 71% of Seed Co International represented by 242…

Bunge appoints Mark Zenuk to its Board of Directors

USA - Bunge Limited, the American agribusiness and food company has appointed Mark Zenuk, former managing partner of Tillridge Global Agribusiness Partners to its Board of Directors effective July 17. Prior to his appointment at Tillridge in 2016, Zenuk was managing director at NGP Energy Capital Management, where he led NGP’s agribusiness investment platform from…

Chinese sorghum importers to visit US amid trade tension

USA - Top importers of sorghum from China are set to visit the United States for a training on sorghum production, trade and also build relationships even as trade tension between the two nations intensify. The training hosted by the U.S. Grains Council (USGC) in collaboration with the United Sorghum Checkoff Program, the Kansas Grain…

Pardue Grain starts construction of US$6.5m pulse crop processing facility in USA

USA – Pardue Grain, which offers market cleaning services and transportation logistics, has started construction on a new US$6.5 million pulse crop processing facility in Great Falls, Montana. According to The Great Falls Montana Development Authority, the company’s new 32,000 square-foot building will create a dozen jobs and expand its pulse processing operation including sorting,…

Lesaffre acquires bakery ingredients company Delavau Food Partners

USA - Lesaffre, a French yeast manufacturer and the world’s largest manufacturer, has announced that it has purchased Delavau Food Partners a leading innovator in baking ingredients based in North America. According to the company, Delavau has served as a premier supplier of technologies to major food brands, with knowledge in calcium and enzymes is…

KBL pledges to source 100% of raw materials locally for its new Kisumu plant

KENYA - Kenya Breweries Limited (KBL), a subsidiary of Diageo Plc has announced that it will source 100% of its raw materials at its new Kisumu pant locally by 2020, reported the Nation. According to the KBL Supply Chain Director Patrick Kamugi, the move was part of EABL’s Western and Nyanza raw material sourcing plan.…

South Africa soya beans unlikely to be affected by US-China trade war

SOUTH AFRICA - Following China’s response tariffs on US goods including soya beans, there could be possibility of price shocks on the commodity, but an agricultural economist, Wandile Sihlobo has said that this should be cushioned by the ability to substitute yellow maize in feed stock. An article in the Business Day reported that despite…

Everfoods to acquire India’s leading brand of fresh baked cookies Cookie Man

INDIA - The packaged foods company, Everfoods has entered into a definitive agreement to acquire a leading brand of fresh baked cookies, Cookie Man from Australian Foods (I) Pvt. Ltd, reported ET Retail. While the amount of the transaction was not known, the acquisition expands Everfoods portfolio, adding a brand of fresh baked cookies in…