Kuantan Flour Mill enters into China for its starch, premix flour business

CHINA - Kuantan Flour Mills, Malaysia based flour company has unveiled plans to expand its starch and premix flour business into China through a memorandum of understanding (MoU) with Shou Guang Tai Economic and Trade Coo Ltd (SGCT). The MoU stated that the two parties will either collaborate in running the business through a partnership…

USDA estimates high US beet and total sugar production in 2017/18

USA - The U.S. Department of Agriculture has reported forecast record high U.S. beet and total sugar production in 2017/18, in it’s in its World Agricultural Supply and Demand Estimates. The U.S.D.A. forecast U.S. 2017-18 sugar production at a record 9,230,000 short tons, raw value, down 82,000 tons from January based on beet sugar at…

USDA postulates high total sugar production for US in 2017/18

USA – The US is expected to record a high beet and total sugar production in 2017/18 contrary to an early forecast that estimated production down to 8.0 million tons, according to the USDA’s report. USDA estimates US 2017/18 sugar production at 9,230,000 short tonnes, with Florida producing 1,992,000 tons, Louisiana, 1,859,000 tons set to…

Arla Foods invests US$644.1 million in a 2020 growth ambition

UK - Arla Foods board of directors have approved a US$644.1 million investment driven toward investing in new ventures, expanding and improving production capacity as well as innovative technology. Arla, as a cooperative philosophy, has developed a strategy where all of their earnings go back to the farmer since the company is farmer-owned therefore the…

FlourMills Nigeria records US$1.18 billion revenue in third quarter

NIGERIA - Flour Mills Nigeria Plc has posted revenue of US$1.18 billion and profit after tax of US$36.6million for the nine-month period ended December 2017. The company’s nine months performance showed group’s revenue of US$1.17 billion, up from US$1.07 billion in 2016, representing a 10% year-on-year increase. The firm also reported a profit after tax…

NCPB buys 2.7m bags of maize, the highest ever in one season

KENYA - The National Cereals and Produce Board (NCPB) has bought 2.7 million bags of maize from farmers, the highest ever in one season. Agriculture Principal Secretary Richard Lesiyampe said the NCPB bought 2.3 million bags of maize after the government released Sh6 billion last year for the exercise. This comes amid protests from farmers…

Mondelez International unveils new research and development centre

SINGAPORE- Mondelez International has launched a new Technical Centre in Singapore to build on its research and development capabilities in its US$65 million development plan. The centre will focus on introducing new methods or ideas in a product development scheme that will solely engage new technologies. The company had announced that it was investing in…