ADM buys European citrus flavor ingredients provider Ziegler Group

GERMANY – The global food processing and commodities trading company, Archer Daniels Midland Company (ADM) has reached an agreement to acquire the Ziegler Group, a leading European provider of natural citrus flavor ingredients. ADM said that the acquisition further expands its portfolio of natural citrus ingredients and positions it for growth in the global market…

Zimbabwe millers call for suspension of shop licencing law to open-up trade

ZIMBABWE -The Grain Millers Association of Zimbabwe (GMAZ) has appealed to the government to suspend shop licensing laws to allow more middlemen to distribute stock from the millers. GMAZ chairman Tafadzwa Musarara said that local millers have stockpiles of products that need to be dispatched to the consumer to allow continued production and supply to…

Cargill lines up US$200m investment to grow business in Pakistan

ASIA – The global agricultural merchant, Cargill has announced plans to invest more than US$200 million in Pakistan to grow its food and agricultural business in the next three to five years. Planned investment will be carried out across agricultural trading, oilseeds crushing, edible oils, animal feed and dairy industries, which all are critcal in…

South Africa’s maize and soya production to decline as drought prolongs

SOUTH AFRICA – Africa’s second largest economy, South Africa, may experience a decline in soya beans and maize production following the continued drought that has affected planting in the countries western regions, reports Business Day. According to Grain SA chief Executive Officer, Jannie de Villiers, the passing of the planting presents a likelihood of increasing…

EU remains top destination for US soybeans as imports surge 112%

EUROPE – The European Union soybean imports from the United States has increased by 112% to 5,181,833 tons in the second half of 2019, making it the top destination of US soybean exports, according to statistics from the European Commission. During the period from July to December 2018, US was Europe’s number one supplier of…

Promasidor Nigeria launches Sun Vita cereal in the market to expand portfolio

NIGERIA – Consumer goods manufacturer, Promasidor Nigeria has introduced a zip-lock packaged ready-to-go cereal Sun Vita, expanding its range cereals in the market. According to the company, the new range is suited for mothers and others working on tight schedules as it is easy to prepare to meet their daily health and nutritional requirements. SunVita…

Argentina soybean imports rise on low production estimated at 56M Tons

USA – Soybean imports in Argentina continue to rise with production estimated to be slightly lower at 50 million tons in 2018/19 as a result of the recent drought faced in the country. According to a Dec. 4 Global Agricultural Information Network (GAIN) report from the U.S.Department of Agriculture, Argentina has imported more than 3.5…

Zimbabwe’s biggest flour miller National Foods to close down mills

ZIMBABWE – National Foods, Zimbabwe’s leading flour and food producer has announced that it plans to shut down its flour mills blamed on impeding foreign currency shortages in the country, according to ANA report. The Harare based food company had written to its customers indicating the intention to close down its flour processing factories in…

Ghana launches US$2.4m national rice initiative for self-sufficiency

GHANA – The Ministry of Food and Agriculture (MOFA) has launched a US$2.4 million national rice Initiative with an aim to reduce over-reliance on imports and enhance the country’s rice self-sufficiency, reports Ghanaian Times. Referred to as Public-Private Partnership for Competitive and Inclusive Rice Value Chain Development: Planting for Food and Jobs-Rice Chapter, the initiative…

GrainCorp receives US$2.4b buyout offer from Long-Term Asset Partners

AUSTRALIA – GrainCorp, Australia’s leading grain and commodities trading company has received a US$2.4 billion buyout offer from Long-Term Asset Partners Pty Ltd (LTAP). The indicative offer involves control of 100% of the shares in GrainCorp for cash consideration of US$10.42 per share. According to GrainCorp Board, the proposal is subject to a number of…