Kenya’s Nzoia Sugar Company to pay cane growers US$5.1m

KENYA – Kenyan sugar company, Nzoia Sugar Company, is set to pay sugar cane growers US$5.1 million for the produce delivered to the miller during the 2017/2018 financial year, reports Business daily. The company’s board chairman, Joash Wamang’oli made the announcement following the government’s decision to provide US$26.9 million aimed at revitalising the sugar industry.…

Global coffee prices to shrink as production increases

WORLD - International Coffee Organisation (ICO) reports that coffee prices are expected to further move southwards as the world production is expected to increase. According to the report by ICO, international market is expected to receive a total of 167.47 million bags of coffee in the 2018/19 financial year creating a surplus of 2.29 million…

President opens Olam’s poultry feed mill, hatchery and breeder farms

NIGERIA – Olam International Limited has hosted President Muhammadu Buhari of Nigeria to inaugurate its poultry feed mill and day-old-chick facilities in Kaduna Estate, Northern Nigeria The integrated poultry and feed mill at Ilorin in Kwara State, worth US$150million, will enable the company to deepen its already strong influence in Nigeria’s food, agro and agro-processing…