Syngenta to acquire Nidera Seeds from COFCO

SWITZERLAND – Syngenta has entered a binding agreement to acquire Nidera Seeds for an undisclosed sum in an announcement by the Swiss agri-business giant and Chinese grains trader China National Cereals, Oils and Foodstuffs Corporation (COFCO) The Chinese-state owned food processing holdings company COFCO International is the country’s largest food processor, manufacturer and trader, which focuses on…

Natfoods invests US$7.7m in contract farming

ZIMBABWE - Listed firm, National Foods has invested $7.7 million through Paperhole Investments Commodities towards contract farming for the 2017-2018 summer cropping season. The NatFoods scheme comes at a time when farmers are increasingly turning to contract farming and joint ventures for inputs and equipment at lower interest rates compared to banks. For years, farmers…

Briess announces a US$17m expansion of its barley facility in USA

USA - Briess Malt & Ingredients Co. has announced that a US$17 million expansion of its barley processing and malting facility in Manitowoc, Wisconsin US scheduled to start immediately. Briess’s investment plan includes replacing an aging structure and installing a roaster and automated packaging line for the production and packaging of specialty malts. “Now all…

Farmers start wheat deliveries to Grains Board

ZIMBABWE - Farmers have started delivering their winter wheat to the Grain Marketing Board (GMB) depots across the country. Most of the farmers who are delivering the crop are the ones who benefited from the Command Agriculture programme. Agriculture, Mechanisation and Irrigation Development Deputy Minister (Cropping) Davis Marapira confirmed that wheat harvesting had started in…

U.S. Grains Council adds regional staff to expand global presence

USA - The U.S. Grains Council has added staff and promoted others in its Asian, Latin American and African operations as part of a global resource expansion meant to capture near-term demand for grain sales and build long-term demand for ethanol among global customers. The trade organisation that seeks to improve exports of US grain…

Argentine grain output prospects receive double boost

ARGENTINA - Argentine grain harvest prospects received a double boost as officials forecast a further increase in corn sowings in 2017-18, while upgrading their area estimate for the newly-started wheat harvest. The Argentine agriculture ministry, in its first forecast for corn sowings for 2017-18 for all purposes, including silage, pegged them at 8.9m hectares, a…

Officials cut Aussie wheat hopes, but stand by export forecasts

AUSTRALIA - US officials stood by expectations for near-average Australian wheat exports this season, despite following other commentators in downgrading their estimate for the drought-hit harvest to a 10-year low. The US Department of Agriculture's Canberra bureau cut to 20.0m tonnes its estimate for the newly-started harvest, citing the "poor rainfall and high temperatures across…

Zimbabwe denies food insecurity fears

ZIMBABWE - Zimbabwe has in excess of 700,000 tonnes in grain and Government has put in measures that will ensure that no one will starve before the next harvest, Acting President Emmerson Mnangagwa has said. Acting President Mnangagwa said this in the National Assembly yesterday while responding to a question by MDC-T Bulawayo Representative Dr…