ProDairy invests US$1.6m in grass feeding project to cut costs in Zimbabwe

ZIMBABWE – ProDairy, a leader in the fast moving consumer good (FMCG) industry in Zimbabwe, has made a US$1.6 million investment in a grass feeding program for cows to cut on the cost of milk production. According to the company, it will also establish a new division in partnership with a private equity firm, SubSahara…

Lower feed costs boost Astral Food’s earnings

SOUTH AFRICA - Astral Foods has raised its final dividend by a hefty 775% to R8.75, after the poultry producer nearly doubled its full-year headline profit. Lower input costs benefited the company tremendously in the year to end-September, as the effect of the drought in the summer rainfall areas abated. Maize and soya are primary…

Cargill acquires US animal nutrition company Diamond V

USA – Leading food and agribusiness company Cargill has signed a binding agreement to acquire Diamond V, a provider of natural immune support products and technologies that improve animal health, animal performance and food safety. According to Cargill, the acquisition will accelerate the company’s push to meet consumers demand for more wholesome food production to…

Oil agency mulls partnership with Danish firm on animal feeds

NIGERIA - The Nigerian National Petroleum Corporation (NNPC) has said it would partner a Danish firm, Unibio A/S Limited in a joint venture operation to produce animal feeds with the government of Denmark financially guaranteeing the project with 10 per cent equity finance. The corporation in a recent statement from its Group General Manager, Public…