Egypt to import milled, paddy rice to meet market demand

EGYPT - The government of Egypt has announced the decision to import milled and paddy rice to increase supply of the commodity as well as prevent potential price shock to consumers. A June 13 USDA report indicated that grain hoarding, which resulted in the decline in the volume of rice being offered to the country’s…

Reserve Bank releases US$20m for 200,000 tons of wheat imports

ZIMBABWE - The Reserve Bank of Zimbabwe (RBZ) has released US$20 million for importation of wheat from Canada and Germany to supplement the insufficient national wheat stocks. This was as requested by millers following poor harvest in the drought-hit southern African country. The amount will be used to pay for 200,000 tonnes of wheat procured…

Botswana turns to South Africa and Zambia for maize imports

BOTSWANA - Botswana continues to import 170,000 metric tonnes of maize annually as it has always run out of corn due to insufficient local production, according to an article by AllAfrica. Speaking in an interview, Botswana Agricultural Marketing Board (BAMB) chief executive officer, Mr Leonard Morakaladi noted that on annual basis the country needed 190…

South Korea and Japan halts ‘genetically modified’ wheat imports from Canada

SOUTH KOREA - South Korea has announced that it has suspended wheat and flour imports from Canada after the Canadian Food Inspection Agency (CFIA) announced that it had discovered genetically modified (GM) wheat in southern Alberta. On June 15, Japan temporarily halted imports of Canadian wheat saying it was reviewing tests that Canadian officials had…

USA and China trade war intensifies with new tariffs on soybeans and technology

USA - The United States has threatened to impose a 25% tariff on products with ‘industrially significant technologies’ from China while the latter has promised retaliatory measures on 100 types US goods including 25% tariff on soybean. The new measures were announced by US President Donald Trump on June 14 prompting a haste response from…

Zambeef reports 6% growth in revenues driven by macro-store demand

ZAMBIA - Zambeef Products Ltd has reported 6% growth in revenue driven by increasing volumes and improving margins in the core divisions namely Retail & Cold Chain Food Products, and Stockfeed for the first half of the financial year ended 31 March 2018. Profit after tax increased more than three-fold to US$2.25 million as compared…

Namibia opens market for US poultry meat and poultry products

NAMIBIA - Namibia has opened its market to processed and unprocessed poultry meat and poultry products from the United States, according to USDA’s GAIN June 1, 2018 report. The country will import US poultry products from establishments approved for export by USDA’s Food Safety and Inspection Service (FSIS). While Namibia imported 29,500 tonnes of broiler…

ShopRite launches into meal kit space with new lines of gourmet and specialty food

USA - The retailers’ cooperative of supermarkets, ShopRite has expanded its range of store brands with the launch of private-brand meal kits, a new line of gourmet and specialty food, creating an internationally inspired food brand. According to FoodDive, the new line by the ShopRite Trading Company includes ethnic-inspired private brand meal kits under the…

Pure Oil Industries to commission new margarine plant in June

ZIMBABWE - Pure Oil Industries, maker of the renowned vegetable cooking oil brand Zimgold has announced plans to inaugurate state-of-the-art facility for bakers’ fat and margarine in June. The Herald reported the oil manufacturer aims at becoming an integrated oil extraction and processing company as well as a one stop manufacturing company for cooking oil,…

Zimbabwe to import US$200m worth of edible oil to meet local demand

ZIMBABWE - Zimbabwe will import crude edible oil worth US$200 million this year to supplement local production and meet national demand which stands at 300, 000 tonnes for both oil expressers and domestic consumption. The country is reported to have harvested only 50,000 tonnes of soya beans despite of the growing demand and consumption. While…