Genetically modified wheat ‘related to Monsanto GM wheat line’ detected in Canada

CANADA - The Canadian Food Inspection Agency (CFIA) has discovered genetically modified (GM) wheat in southern Alberta, Canada even when GM wheat is not authorized in the country. World Grain reported that the testing carried out by CFIA found out that the Alberta wheat sample was a match for a Monsanto GM wheat line that…

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…

Kenyan mango juice processor receives US$1.09m in funding from EU

KENYA - The European Union has extended US$1.09 million funding to Makueni County for a mango juice processor, Kalamba Fruit Processing plant, following an agreement between the Kenyan government and the EU. According to Business Daily, this agreement involves funding economic projects across 15 counties under the Instrument for Devolution Advice and Support (IDEAS) programme.…

China’s dairy market to reach US$54.9b with steady high value retail sales growth

CHINA - China’s dairy market will grow at a 6.6% CAGR in value to reach US$54.91billion in 2022 led by yogurt and cheese markets which are experiencing steady high value retail sales growth, according to a new research from Mintel. The report indicates that yoghurt maintains an annual retail sales growth of over 20% since…

Ghana to build one factory in every district focusing on agric sector

GHANA - Ghana has announced that twenty-four factories have so far been approved for construction under the government’s “One District One Factory (1D1F)” initiative to build one factory in every district with a close emphasis on the agricultural sector, reports GNA. Deputy Trade and Industry Minister, Robert Ahomka-Lindsay said the category includes six existing factories…

Tanzania to build more sugar factories and grow more cane to meet demand

TANZANIA - Tanzania is planning to grow more cane and build cane milling factories, calling on both local and foreign investors to develop this industry even as demand for sugar in this country is seen on the rise. Kilombero Sugar Company, majority owned by South Africa's Illovo Sugar and one of the largest sugar producers…

Agricultural Cooperative Landus to buy ADM’s Iowa grain facility

USA - The farmer-owned agricultural cooperative, Landus, has signed an asset purchase agreement to acquire ADM’s grain facility in Manilla, Iowa at an undisclosed sum, set to take possession as from 1 June 2018. As part of the agreement, Landus Cooperative gains more than 2.3 million bushels of grain capacity for its first wholly-owned Crawford…

Kaap Agri revenue up 5.4% despite drought crunch

SOUTH AFRICA - Kaap Agri, the 2017 JSE listed trader in agricultural commodities reported that its revenue in six months ended 31 March 2018 grew 5.4% to US$271.14 million despite harsh climatic conditions that affected most of its agricultural commodities, reported Fin24. The harsh market environment was coupled with low consumer and business confidence plus…

USDA announces the launch of new electronic data platform

US - The U.S. Department of Agriculture’s (USDA) Agricultural Marketing Service (AMS) has announced the launch of a new electronic data platform to deliver market price information to the commodities industry. The new web-based platform, Market Analysis and Reporting Services (MARS), uses state-of-the-art technology to present detailed data sets in a more customer-focused way to…

Bill Gates to fund Scotland’s smart agriculture projects to yield super crops

SCOTLAND - Scotland farmers have gone for smart agriculture in growing ‘super crops’ and breeding high yielding cows following the announcement by Bill Gates and Britain to fund innovative agricultural projects in the country. The funding of US$174 million from Britain’s Department for International Development and the Bill & Melinda Gates Foundation will support farmers…