Flour Mills of Nigeria banks on turnaround initiatives to boost growth

NIGERIA-Flour Mills of Nigeria Plc (FMN), one of Nigeria’s leading integrated food and agro-allied company, envisions continuous growth in key segments as strategy to delivered improved margins and operational efficiencies which will in turn result […]

South Korea injects US$8m into Ghana’s rice sector to improve production

GHANA- The Government of South Korea will be injecting US$8 million in Ghana’s rice sector to improve production and activities along the value chains over the next four years. The two governments have also signed […]

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 […]

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 […]

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 […]

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. […]

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 […]

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 […]

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 […]