Bunge appoints Mark Zenuk to its Board of Directors

USA - Bunge Limited, the American agribusiness and food company has appointed Mark Zenuk, former managing partner of Tillridge Global Agribusiness Partners to its Board of Directors effective July 17. Prior to his appointment at Tillridge in 2016, Zenuk was managing director at NGP Energy Capital Management, where he led NGP’s agribusiness investment platform from…

Chinese sorghum importers to visit US amid trade tension

USA - Top importers of sorghum from China are set to visit the United States for a training on sorghum production, trade and also build relationships even as trade tension between the two nations intensify. The training hosted by the U.S. Grains Council (USGC) in collaboration with the United Sorghum Checkoff Program, the Kansas Grain…

Pardue Grain starts construction of US$6.5m pulse crop processing facility in USA

USA – Pardue Grain, which offers market cleaning services and transportation logistics, has started construction on a new US$6.5 million pulse crop processing facility in Great Falls, Montana. According to The Great Falls Montana Development Authority, the company’s new 32,000 square-foot building will create a dozen jobs and expand its pulse processing operation including sorting,…

Cargill and Seoul-based AG Meat partner to offer a U.S beef brand ‘Excel’

USA - Cargill and Seoul-based AG Meat, a specialty import meat distributor are partnering to offer premium U.S. beef brand, Excel, in a new concept meat store called ‘It’s Meat.’ According to Cargill, the new meat concept will ensure that its Korean consumers can now purchase high-quality, premium Excel beef at competitive prices. Cargill Protein…

Cargill reports a strong performance with 76% increase in operating earnings

USA – Cargill, an American provider of food, industrial and agricultural products, has reported US$3.2 billion in adjusted operating earnings for the 2018 fiscal year, one of its best performances. According to the company, its improved financial results over the past two years are the outcome of significant efforts by its teams to redefine how…

CHS reports net income of US$229.3 million for the third quarter of fiscal 2018

USA - CHS Inc., the nation's leading farmer-owned cooperative and a global energy, grains and foods company, has reported net income of US$229.3 million for the third quarter of its 2018 fiscal year, ended May 31, 2018, compared to a net loss of US$45.2 million for the same time period a year ago. According to…

SLeCAD Sierra Leon launches Sakata Seed Company to farmers

SIERRA LEONE - The Government’s Principal Private Sector partner SLeCAD (Sierra Leone Chamber for Agribusiness Development) has launched the SAKATA Seed and Input Company in the country geared at producing and supplying quality seeds to farmers. According to Concord, the company will also engage in providing input technologies to small holder farmers and large scale…

Woolworth recalls frozen rice as precaution amidst listeria outbreak in Europe

SOUTH AFRICA - South Africa-based multinational retail company, Woolworths Holdings Limited has recalled a frozen savory rice mix as part of a worldwide product recall issued by the Hungarian Food Safety Agency (HFSA) following listeria outbreak in Europe, according to Reuters. The recall comes after one of Woolworths suppliers was identified as the likely source…

Cargill to invest upto US$10.5m to upgrade its Russian grain terminal

RUSSIA - Cargill, through its Production and Commercial Company "Bratya" (Rostov-on-Don) has announced plans to invest between US$9.5m to 10.5 million in upgrading its grain terminal in Rostov, Russia. According to a report by UkrAgroConsult, the upgrade is expected to increase the capacity of the existing terminal by 50% to 1 million tonnes per year…

Government to boost rice sector with US$29m large integrated rice mills

NIGERIA - The Federal government has said that it has allocated more than US$29 million to purchase ten large integrated rice milling machines by December 2019 with an aim to boost rice production in ten states. An article by the Guardian reported that according to Minister of Agriculture and Rural Development Audu Ogbeh, benefiting states…