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…

Tanzania suspends rice importation on increased local production

TANZANIA - The government of Tanzania has suspended rice importation into the country alleging that local production in the previous agricultural season increased significantly to cater for the local demand. The Citizen quotes the permanent secretary in the Ministry of Agriculture, Mr Mathew Mtigumwe saying that local production for this year doubled the demand to…

Bunge and Hakan places bids to supply 155,000tons of wheat worth US$49.5m

ETHIOPIA - Bunge SA and Hakan Agro DMCC have placed offers to supply the government of Ethiopia wheat worth US$49.50 million amidst shortages of the commodity in the market. The Herald reports the two were the only among 12 companies who bought bid documents after expressing interest in supplying the commodity meant for both government’s…

Rhodes Food issues profit warning on hard trading conditions

SOUTH AFRICA - The South African food producer Rhodes Food group (RFG) has said that it expects earnings for the financial year to fall as much as 41% as a result of difficult trading conditions characterized by low economic growth and the Western Cape drought. Business Day reports that the financial update triggered a decline…

US Trade Representatives unveils US$200bn tariff list on Chinese imports

USA - The U.S. Trade Representative (USTR) has unveiled a list of additional tariffs on approximately US$200 billion worth of Chinese imports in what U.S. trade officials termed as “continuing response to China’s theft of American intellectual property and forced transfer of American technology”. The additional tariffs will be effective starting September 24, 2018 initially…