Kenya sighs relief as COMESA extends safeguards on sugar imports for 2yrs

KENYA - The regional trade bloc, Common Market for Eastern and Southern Africa (COMESA) has approved an extension safeguarding Kenyan sugar industry from cheap imports from the region for two more years. According to Business Daily, the July 14 nod, granted by the bloc’s Council of Ministers in a meeting in Lusaka, Zambia protects Kenya…

Ethiopia’s oilseed sector expected to expand to meet growing demand

ETHIOPIA - Ethiopia’s production of oilseeds mainly sesame and soybeans is forecast to increase in the year 2018/19 basically as a result of growing demand for cooking oil and livestock feed, most notably soybean meal for poultry production, according to USDA’s June 14 GAIN report. Rise in production is expected to greatly contribute to the…

Kenya seeks to solve stalemate on dairy and oil exports to Zambia

KENYA - Kenya is expecting to host government officials from Zambia this month to deliberate on trading solutions including possibilities of exporting dairy and oil products to Zambia. Business Daily reported that although a consensus may be reached on oil products, dairy exports to the Southern Africa nation may remain strenuous due to differences in…

Egypt to import milled, paddy rice to meet market demand

EGYPT - The government of Egypt has announced the decision to import milled and paddy rice to increase supply of the commodity as well as prevent potential price shock to consumers. A June 13 USDA report indicated that grain hoarding, which resulted in the decline in the volume of rice being offered to the country’s…

Zambeef reports 6% growth in revenues driven by macro-store demand

ZAMBIA - Zambeef Products Ltd has reported 6% growth in revenue driven by increasing volumes and improving margins in the core divisions namely Retail & Cold Chain Food Products, and Stockfeed for the first half of the financial year ended 31 March 2018. Profit after tax increased more than three-fold to US$2.25 million as compared…

Namibia opens market for US poultry meat and poultry products

NAMIBIA - Namibia has opened its market to processed and unprocessed poultry meat and poultry products from the United States, according to USDA’s GAIN June 1, 2018 report. The country will import US poultry products from establishments approved for export by USDA’s Food Safety and Inspection Service (FSIS). While Namibia imported 29,500 tonnes of broiler…

Pure Oil Industries to commission new margarine plant in June

ZIMBABWE - Pure Oil Industries, maker of the renowned vegetable cooking oil brand Zimgold has announced plans to inaugurate state-of-the-art facility for bakers’ fat and margarine in June. The Herald reported the oil manufacturer aims at becoming an integrated oil extraction and processing company as well as a one stop manufacturing company for cooking oil,…

Global pasta consumption continues to rise on increased interest in wellness

ITALY - Global pasta consumption is on the rise from the positive trends in global pasta sales which rose 0.6% in 2017 attributable to increased awareness on healthy diets and wellness, according to data from the Nielsen Co. Based on a report by the International Pasta Organization (IPO), this trend is expected to continue influenced…

Uganda launches standards for nine grain products to boost grain trade

UGANDA - The Eastern Africa Grain Council (EAGC) has unveiled nine product standards for staple foods that fall under grains category with an aim to boost and increase grain trade between Uganda and other East African countries. According to an article in the East African Business Week, the standards will play a critical role in…

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…