FRA releases 35,000 tons of maize to Copperbelt millers to mitigate shortage

ZAMBIA – The Food Reserve Agency (FRA) of Zambia has started releasing 35,000 metric tonnes of maize to selected millers in Copperbelt Province to address maize shortage in the region. According to Lusaka Times, Zambia’s President Lungu had directed FRA to release the maize to millers as an intervention on the maize and mealie meal shortages…

Nigeria to become second largest rice importer behind China in 2019, USDA report

NIGERIA – Nigeria’s rice imports are set to hit 3.4 million metric tons high next year, a 13% increase that will see the country become the world’s second largest rice importer behind China, according to U.S. Department of Agriculture (USDA) report. Contrary to the federal government’s ambitious goal to put an end to rice importation,…

Land O’Lakes SUSTAIN and Tate & Lyle collaborate on sustainable corn sourcing

USA – Tate & Lyle and Land O’Lakes SUSTAIN, a sustainability focused technology and on-farm business management venture have announced a new collaboration on advancing conservation practices for sustainable corn sourcing. The partnership enables Tate & Lyle, a significant user of U.S.-grown corn, to enhance sustainable agriculture by helping corn farmers target and measure the…

Nigeria cuts bills on imported wheat, rice, milk by 50% to US$698m

NIGERIA – The Central Bank of Nigeria (CBN) has said that import bills on wheat, rice, milk, tomato and sugar have reduced by almost 50% to almost US$698 million, compared to US$1.424 billion spent on imported foods in 2013, reports This Day. According to Olatunde Akande, the Personal Assistant to the CBN Governor, Godwin Emefiele,…

NEPAD Group to hold fourth Nigeria Rice Investment Forum to consolidate gains

NIGERIA – The NEPAD Business Group Nigeria (NBGN) has concluded plans to hold its 4th Nigeria Rice Investment Forum in a bid to consolidate gains recorded in the sector as well as ensure self-sufficiency. According to the Guardian, the forum scheduled for November 20-21, 2018 in Abuja will address issues in the rice sector and…

Bunge’s joint venture EGT acquires a grain elevator near Sidney

USA - EGT, LLC, a joint venture between Bunge North America and ITOCHU, announced that it has purchased a grain elevator in Sidney, Montana from Busch Agricultural Resources, LLC, a division of A-B InBev, N.V. for an undisclosed amount. According to EGT, the Sidney elevator has access to the Burlington Northern Sante Fe railroad which…

Ukraine grain exports forecast to rise to 42.5 million tonnes

EUROPE – Ukraine grain exports are projected to rise to 42.5 million tonnes in the 2018-19 marketing year (July-June) boosted by higher harvests expected during the period. According to Ukraine’s agriculture ministry, Ukraine expects to harvest 64 million tonnes of grain this year, compared with 61.3 million in 2017-18. The country has exported 14.1 million…

ADM expands health portfolio with new omega-3 powder solutions, Onavita

USA – The global food processing company has unveiled a new addition to its line of omega-3 product solutions, Onavita algal DHA powder which is an expansion of its health and wellness portfolio. It joins a range of probiotics, vitamins, botanical extracts, nutritional oils designed to provide ingredient manufacturers with solutions that meet health and…

Ghana launches commodity exchange for agricultural products

GHANA (Reuters)- Ghana launched a commodity exchange for agricultural products, the first in West Africa, on Tuesday in efforts to guarantee market access for farmers and boost their income, President Nana Akufo Addo said.  He said the exchange would benefit around 1 million Ghanaian farmers by securing storage for their harvest over the next 18…

Ardent Mills partners Arcadia Bioscience to develop innovative wheat varieties

USA – Ardent Mills LLC, North America’s leading flour-milling and ingredient company and Arcadia Biosciences, Inc. have announced a new collaboration to develop and commercialize innovative wheat varieties. According to the companies, the first project focuses on extending the shelf life and improving the flavor of whole wheat products. The storage life of whole wheat…