Ukraine soybean production to fall 14% in 2018-19

UKRAINE - Ukraine’s soybean production is set to fall 14% to 3.3 million tonnes despite higher expected yields than the five-year average, according to USDA’s Global Agricultural Information Network (GAIN) May 16 report. Soybean planted area for the coming crop year is forecast at around 1.5 million hectares, a 23% decline from 2017-18. While Sunflower…

Bunge considers soybean exports to Argentina

USA - Bunge Ltd, multinational food and agribusiness company is considering exporting US soybeans to Argentina and the move would be ratified depending on the margins. The plans were revealed by Soren W. Schroder, chief executive officer of Bunge at an investor event in New York adding that they look forward to bumping up soybean…

Morocco to receive US$236m from AfDB to reinforce agricultural value chains

MOROCCO - The Board of Directors of the African Development Bank, Côte d’Ivoire’s multilateral development finance institution has approved US$236 million loan for Agricultural development in Morocco. The funding will finance the Program for Supporting the Inclusive and Sustainable Development of Agricultural Value Chains (PADIDFA) while reinforcing sustainable job creation. The program aims to support…

Tanzania imposes 25% import duty on Kenyan confectionery in a fresh trade fallout

TANZANIA - Tanzania has imposed a 25% import duty on Kenyan firms in confectionery business citing use of imported zero-rated industrial sugar in the goods. TheEastAfrican has reported that Tanzania has refused to allow duty-free entry of Kenyan-made confectionery, juice, ice cream and chewing gum products into the country despite talks. The levy was imposed…

Nigeria agric products exports worth US$81m in three months

NIGERIA - Nigeria’s exports in agricultural products including cashew nuts, biscuits, cocoa butter, sesame seeds, frozen shrimps, biscuits and others were estimated to be worth US$81.02 million between January and March 2018, a 558.46% increase compared to the same period in 2017. ThisDayLive reported the increase in agricultural commodities which stood at 45,462 tonnes was…

Kenya’s sugar imports fall 54% after end of duty-free period

KENYA - Kenya’s sugar imports have fallen 54% to 49,445 tonnes in the in the first quarter of the year after the period announced by the government for duty-free sugar imports elapsed. In March alone, volumes went down to 9,907 tonnes from 33,623 tonnes and while table sugar imports totalled 1,815 tonnes, refined white sugar…

Horticulture earns Kenya US$3.04bn as export markets become lucrative

KENYA - Kenya earned US$3.04 billion on account of good prices in the export market for the 2017 year, a 41% increase from the previous year, according to the market data from the Horticulture Department. This covers flowers, fruits and vegetables whose overall sales rose from US$2.15 billion in 2016 to US$3.04 billion last year…

American craft beer exports surpass US$125m after growth

USA - The Brewers Association (BA), the not-for-profit trade group representing small and independent craft brewers, has reported a 3.6% export growth data for the American craft beer industry in 2017 that saw it go above US$125 million. BA’s Export Development Program (EDP), also said that craft beer export volume increased in 2017, now totalling…

Deficit in food production raises imports by 58% in January

KENYA - Kenya has imported food items worth US$207.119m, a 58.33% increase from US$130.812m witnessed in January 2017, as a result of food deficit attributed to prolonged drought conditions experienced last year, according to a data by the Kenya national Bureau of Statistics. Following poor rainfall and insufficient food production, prices of basic commodities shot…

Brazil suspends BRF’s poultry exports to the EU

BRAZIL - The Brazilian government has suspended BRF’s poultry exports destined for the European Union, following a probe into the company over the presence of Salmonella. The Ministry of Agriculture, Supply, and Livestock (MAPA) said it had temporarily suspended the production and sanitary certification of BRF’s poultry exports to the EU, and it expects to…