China lifts ban on poultry imports from the United States

USA – China has reopened its market for poultry imports from the United States, bringing to an end the nearly five-year ban on US poultry products. China imposed a ban on all US poultry imports […]

US strikes trade deal with Japan on agriculture, industrial tariffs and digital trade

FRANCE – The United States and Japan announced a new trade agreement at the G-7 summit in France that will focus on agriculture, industrial tariffs and digital trade. U.S. President Donald Trump said the deal would […]

Nigerian government to review excise duty rate on alcoholic beverages as firms struggle

NIGERIA – The Federal Government of Nigeria has unveiled plans of reviewing excise duty rates imposed on wines and spirits following beverage manufacturers push to reduce the rates amid a challenging environment. According recent Bloomberg […]

China’s COFCO shuts down edible oil refining plant in Argentina

USA – China’s grain and commodity merchandiser has closed down a soybean and sunflower refining plant in Argentina blamed on trade and economic crisis in the country. The plant located in Lanus, Buenos Aires is said […]

Tea and horticulture remain Kenya’s top export earners

KENYA – Tea remained the top export earner at US$31.9 million followed by horticulture at US$30.4 during the July-September 2018 period, reports The Citizen. However, this is despite a drop in tea earnings which according […]

Zimbabwe’s biggest flour miller National Foods to close down mills

ZIMBABWE – National Foods, Zimbabwe’s leading flour and food producer has announced that it plans to shut down its flour mills blamed on impeding foreign currency shortages in the country, according to ANA report. The […]

Tanzania’s sorghum market prices stabilize as supply improves

TANZANIA– Tanzania’s sorghum consumer price has stabilised following a surplus in the past four months, according to data released by the Ministry of Industry, Trade and Investment. The price is said to have remained low […]

US wheat and corn to increase while soybean is projected to fall in 2019

USA – United States is projected to record an increase in both the number of acres and harvests of corn and wheat while soybean acres are expected to fall in the year 2019, according to […]

Astral Foods profit soars 78.7% on lower chicken feed costs in 2018

SOUTH AFRICA – South Africa’s leading integrated poultry producer Astral has reported 78.7% increase in group operating profit to US$134.99 million, resulting in an operating profit margin of 15%, ANA reports. According to the company, […]

Zimbabwe’s fast food and retail operators re-open as the economy improves

ZIMBABWE – Zimbabwe’s fast food chains and retail operators have reopened their stores after closing down on difficult trading and economic conditions that rocked the country in the recent past. Among them KFC (Kentucky Fried […]