Kenyan confectionery firms lose US$1.3m in export earnings from sweet row

KENYA - Local sugar confectionery firms have lost US$1.34 million in export earnings in the six months ended June, reflecting the impact of trade war between Kenya and Tanzania, reports Business Daily. According to Kenya National Bureau of Statistics (KNBS), earnings from sugar confectionery that is, sweets, biscuits and chocolate fell to US$23.57 million from…

Tanzania’s milk import fees increases 13-fold amidst a series of bans

TANZANIA - The government of Tanzania has introduced new regulations which will require milk importers to pay thirteen times more in milk import fees, reports the Citizen. According to stakeholders, the move which equates to total ban will hurt the dairy industry which relies on imported milk to manufacture some of its products. The newly…

Ghana shippers slash cocoa freight charges to Europe by 9.4% for 2018/19

GHANA - Ghana Shippers Authority (GSA) and shippers have said that freight charges for exporting Ghana’s cocoa to Europe have been slashed by 9.4% for the 2018/19 season. According to Reuters report, the reduction was made following the about 40% decline in cocoa prices on the world market in the 2017/18 season. “The reduction in…

National Microfinance Bank to finance palm oil cultivation to cut on imports

TANZANIA - The National Microfinance Bank of Tanzania has ventured into financing palm oil cultivation with an aim to increase production as well as cover deficit met through imports. Daily News reports that the bank is expected to partner with the Tanzania Agricultural Development Bank Limited (TADB) in boosting palm oil production in Kigoma Region.…

Turkey’s food exports to China increases by 100% over 3 years

ASIA - Turkey’s food exports to China have risen 100% from US$72 million in 2014 to US$144 million realised by the end of 2017, according to the Aegean Exporters Association. Growth was seen in exports involving meat, fish, dried fruits, olive and vegetable oil, fruit and vegetables, and hazelnut. Speaking on the development, Birol Celep,…

Tanzania’s chicken import ban bites as shortage looms

TANZANIA - Tanzania is facing a chicken shortage with rising retail prices, months after banning importation of poultry from its neighbours in the East African Community. Speaking to The EastAfrican, Tanzania Poultry Breeders Association secretary General Manase Mrindwa said that some firms had stopped production of day-old chicks, leading to a shortage of broilers and…

Unga Group revenues rise by 2.3% following Uganda exit

KENYA - The Kenya based flour milling company, Unga has reported a gainful year with revenues rising 2.3% to US$198.25 million after discontinuation of Uganda operations which contributed to losses in the previous year. According to Business Daily, profit for the financial year ended June stood at US$7.76 million comparable to a US$69,791.39 loss made…

Germany set to become a net grain importer on drought related losses

GERMANY - Germany is expected to increase imports of soybeans, soybean meal and become a net importer on production losses related to drought, ‘a weather incident of national extent’, said a report from the U.S. Department of Agriculture's Global Agricultural Information Network (GAIN). As a result of drought and hot weather, Germany’s Agriculture Ministry in…

Kenya imposes new tariffs on Tanzanian flour as trade war escalates

KENYA - Kenya has announced 25% import duty on Tanzania’s products like flour, saying it is produced from imported wheat which contravenes the East African Community (EAC) rules and regulations on such products, reports Business Daily. The two countries have had a long-time battle regarding some products such as sugar, flours and cement products, blaming…

Egypt wheat imports forecast higher in 2018-19 despite strong local production

EGYPT - Egypt’s wheat imports are projected to increase from 12.3 million tonnes to 12.5 million tonnes in the year 2018/19 despite strong local production forecasts, according to USDA’s Global Agricultural Information (GAIN) September report. Wheat consumption in 2018-19 is forecast at 20.1 million tonnes by the USDA, up 1.5% from the 2017-18 estimate of…