Ghana Cocoa Board to boost cocoa production to one million metric tonnes

GHANA - Ghana’s Cocoa Board (COCOBOD) has announced that it expects to increase cocoa production to one million metric tonnes as a result of combined efforts to improve crop yield, reported GNA. According to Dr. Yaw Adu Ampomah, the Deputy Chief Executive, COCOBOD, the Board was also charting a new course that would enable it…

Investor Dan Loeb wants Nestle SA to split up into 3 divisions for more sales

SWITZERLAND - Dan Loeb, an investor activist in the Swiss transnational food and drink company, Nestle SA is demanding the group to consider restructuring and a split-up into three divisions that is beverages, nutrition and grocery. The restructuring in addition to a ‘sharper’, ‘bolder’ and ‘faster’ focus would help boost sales as well as put…

Rwanda coffee exports to surge on increased production

RWANDA - Rwanda is expecting to reach 24,500 tonnes in coffee exports this year following manifold efforts to increase both quantity and quality of coffee in the country. According to the National Agricultural Export Development Board (NAEB), coffee exports are expected to increase from 23,000 tonnes exported in the year 2017. Since 2016 when Rwanda…

Unilever receives positive opinion on health claim for tea from the EFSA

EUROPE - Unilever, the world’s leading tea company, has announced that the European Food Safety Authority (EFSA) has issued a positive opinion on the company’s evidence that black tea improves attention. According to EFSA, this opinion makes Unilever the first company in the EU to receive a positive scientific opinion on a health claim for…

Global tea production and consumption rises, according to FAO

WORLD - Global tea production and consumption will continue to increase over the next decade driven by rising demand in developing and emerging countries especially India and China which have seen accelerated growth, according to a May report by FAO. The report suggests the upward trend is attributable to a combination of higher incomes and…

Uganda constructs US$2.37m tea factories under Uganda Development Corporation

UGANDA - Ugandan government under its investment arm, Uganda Development Corporation (UDC) has established two tea factories valued at a cost of US$2.37 million. The Monitor reported the move is part of government's plan to promote value addition in an attempt to align the agro sector to the National Export Development Strategy and National Development…

Starbucks raises price of brewed coffee in most US stores

USA - Starbucks Corp has raised prices for brewed coffee by an average of 1 to 2% in the past year and according to the company, it was in line with industry practices, reported ET Retail. Some of the products affected included a regular drip coffee whose price rose by 10 cents to 20 cents…

Barry Callebaut partners with Ghana and Ivory Coast for sustainable cocoa production

GHANA - Barry Callebaut, one of the world’s largest cocoa producers and grinders has signed a letter of intent with Ghana and Ivory Coast to clear and replant trees infected with swollen-shoot virus disease in an initiative to ensure sustainable cocoa farming. The initiative, in collaboration with Ghana Cocoa Board (COCOBOD) and the Coffee Caco…

Tanzania’s coffee production to increase 15% on ‘favorable weather’

TANZANIA - Tanzania’s coffee production will increase 15% from 1.15 million bags to 1.30 million bags in the year 2018/19 as a result of biennial bearing cycle and favorable weather conditions as reported by Tanzania Meteorological Authority (TMA). The USDA’s GAIN report indicates that ending stocks for financial year (FY) 2018/19 are forecast up by…

Ghana to establish a Cashew Development Board by June to regulate the sector

GHANA - Ghana is planning to establish the Cashew Development Board by the end of June this year with a mandate to regulate the cashew industry, reports GNA. Making the announcement, Ghana’s president Nana Addo Dankwa Akufo-Addo said his government recognised the contributions of farmers in the region towards the achievement of national food security.…