Bunge and BP to create biofuels joint venture in Brazil

BRAZIL – Agribusiness giant, Bunge Limited and BP Plc have agreed to create a new biofuels joint venture in Brazil, one of the world’s largest fast-growing markets for biofuels. The 50:50 JV will create a […]

Bunge Loders Croklaan opens new edible oils facility in China

CHINA – Bunge-owned edible oils business, Bunge Loders Croklaan (BLC) has inaugurated a new edible oils processing facility in Xiamen, China. The facility expands BLC’s capability to deliver plant-based specialty oils and fats ingredients for […]

Flour Mills of Nigeria full year revenues decline 3.37% to US$1.45bn

NIGERIA – Flour Mills of Nigeria Plc, one Nigeria’s leading integrated food and agro-allied company, reported a 3.37% decline in revenue to US$1.45 billion (N524.41bn) for the year ended March 31, 2019 from  US$1.51 billion in […]

Viterra introduces dynamic binning for barley to improve supply chain

CANADA – Canadian grain merchant Viterra is introducing dynamic binning for barley across its network for the 2019-20 harvest as part of the plan to improve efficiency in its supply chain. Growers will have the […]

Cargill’s revenues dip 1% as earnings suffer uncertain business environment

USA – Cargill’s full-year revenues decreased 1% to US$113.5 billion as uncertain global business environment slowed down earnings during the period. In the fiscal 2019 fourth quarter ended May 31, 2019, operating earnings were US$476 […]

ADM and Cargill agree to sell grain elevators in the US

USA – Multinational grain merchants, Cargill and Archer Daniels Midland Co. (ADM) have agreed to exchange ownership of some of their grain facilities in the US Midwest, a Reuters report reveals. The deal whose financial […]

Cargill to invest US$200m in diversifying starches portfolio to wheat

GERMANY – Cargill will invest US$200 million in diversification of starches and sweeteners portfolio at its Krefeld, Germany site to include production of wheat-based products. According to FoodIngredientsFirst, the processing facilities will focus on wheat […]

Ardent Mills acquires Oregon elevator to expand organic capabilities

USA – Ardent Mills has announced that it has acquired a grain elevator in Klamath Falls, Oregon, expanding its capabilities in organic and specialty grains in the market. The investment whose financial details were not […]

Kenya to import 12.5m bags of duty-free maize to bridge supply gap

KENYA – Kenya is set to open a window for duty-free import of 12.5 million bags of maize to meet its local demand following a shortfall of the commodity. The Treasury is expected to allow […]

Mozambique embarks on study to explore the potential of genetically modified maize

MOZAMBIQUE – The Mozambique Institute of Agricultural Research (IIAM) has carried out a study on the genetically modified (GM) maize as it seeks to explore the potential of the biotechnology in enhancing food security. According […]