DSM underscores need for fortification in malnutrition at Fourth Africa Day of School Feeding

COTE D’IVOIRE - DSM Human Health and Nutrition has emphasized on the need for fortification as a solution to help overcome the challenge of malnutrition especially among children. Speaking in a panel at the Fourth Africa Day of School Feeding in Abidjan, Cote D’Ivoire, the company strongly recommended innovative fortification solutions as safe and cost-effective…

EA Grain Council seeks Tanzania agricultural stakeholder’s partnership

TANZANIA – The East African Grain Council (EAGC) has called for partnership with the ministry of Agriculture in Tanzania in a bid to address challenges facing the sector. Fredrick Costa, Communications Officer, Fredrick Costa said that the council is engaging the ministry of agriculture in the country as it seeks to rump up support in…

Bunge posts strong earnings in full year results on strong soy crush margins

USA – Agribusiness giant, Bunge has reported better results indicating full year earnings per share of US$1.57 from US$0.89 boosted by strong soy crush margins in the agribusiness division. Net income in the year ended Dec. 31, 2018, was US$233 million, up 85% from US$126 million in fiscal 2018 while sales were US$45.743 billion, down…

China pledges to buy 10MMT of US soybeans, a good sign from ongoing trade talks

USA – China has committed to buy an additional 10 million metric tons of U.S. soybeans, bringing hope to US soybean farmers who had called on the White House to resolve the trade stalemate with the Chinese. According to Agriculture Secretary Sonny Perdue, the news is an indication of the possibility that the two world…

South Africa’s Pioneer Foods reports 7.8% growth in turn over

SOUTH AFRICA – Pioneer Foods, a South African food and beverage company has reported a 7.8% increase in its turnover during the four months ended 31st January 2019 period reports Business Day. The packaged food company attributed the performance to the increased prices of bread prices, wheat flour, rice and export fruit in its operating…

Zimbabwe’s grain millers association seek to set product prices

ZIMBABWE - The Grain Millers Association of Zimbabwe (GMAZ) has applied to the Competition and Tariff Commission (CTC) seeking to be allowed to set the prices products under their purview rather than have it done by a government-appointed body. According to NewsDay, GMAZ seeks the responsibility saying that the pricing of situation does protect consumers…

Zimbabwe bakers fault lack of forex as bread shortage & prices shoot

ZIMBABWE - The National Bakers' Association of Zimbabwe has attributed bread shortage in the market to lack of foreign currency which has hampered importation of wheat to support the industry, reports The Herald. Mr Ngoni Mazango, the association's president, said that bread supplies in the country have in the past two weeks declined drastically leading…

Tanzania, IITA unveils new tech to combat aflatoxin

TANZANIA - Tanzania’s Ministry of Agriculture in partnership with The U.S. government in partnership and the International Institute of Tropical Agriculture (IITA), have unveiled AflasafeTZ, a technology to reduce aflatoxin contamination in human food and animal feed reports Daily News. In a statement issued by the US Embassy in Tanzania, the product will help reduce…

World Bank pumps US$95m to transform Malawi’s agricultural sector

MALAWI - Malawi’sagricultural sector is set to receive US$95 million from the World Bank through a six-year Agricultural Commercialization (AGCOM) Project that seeks to transform the sector into a high productive commercial division. Malawi News Agency reports that AGCOM National Project Coordinator, Dr. Ted Nankhumwa said the project aims at commercialising the subsistence orientation among…

Flour Mills of Nigeria profit after tax dip 40.3% to US$21.7m in nine months

NIGERIA - Flour Mills of Nigeria (FMN) Plc has reported a profit after tax of US$21.7 million for the period nine months ending 31st December 2018 down from US$36.4 million recorded in the same period of the previous year. This represented a 40.3% decline in profit after tax as total revenues drop from US$1.17 billion…