Astral Foods profit soars 78.7% on lower chicken feed costs in 2018

SOUTH AFRICA – South Africa’s leading integrated poultry producer Astral has reported 78.7% increase in group operating profit to US$134.99 million, resulting in an operating profit margin of 15%, ANA reports. According to the company, the year was supported by lower feed raw material costs, higher poultry selling prices as well as higher volumes across…

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…

Nestle ahead of Unilever in final race to acquire GSK’s nutrition business in India

INDIA – Nestle SA, the Swiss transnational and the world’s largest food company is contending Unilever in the final round of negotiations to acquire GlaxoSmithKline’s consumer nutrition business in India. According to three people aware of the development, cited by ET Retail, Nestle is believed to be the frontrunner with a more aggressive offer after…

Tata Global bets on health to drive food and beverages segment growth

INDIA – The Indian coffee and tea major Tata Global Beverages has said that health and wellness will drive its growth in the food and beverage segment, reports ET Retail. This is in line with changing tastes and preferences among consumers, even as they turn to food items that not only offer the desired taste…

Tata Beverages to set up US$14m tea packaging unit in Odisha, India

INDIA - Tata Global Beverages (TGBL), the Indian non-alcoholic beverages company plans to set up a new tea packaging unit worth US$14.01 million in Gopalpur Industrial Park, Odisha, India, reports ET Retail. The company has entered into a letter of Intent (LOI) with Tata Steel Special Economic Zone Ltd, a wholly-owned subsidiary of Tata Steel…

Arla Foods unveils new high-protein and healthy concept in biscuit making

UK – Arla Foods Ingredients has released a new Whey-Pro Biscuit concept that will enable biscuit manufacturers tap into the high-protein and healthy indulgence trends while overcoming technical challenges. The new concept which features the company’s whey protein ingredient, Nutrilac involves a biscuit recipe with a premium look, taste and feel. It was designed to…

Kellogg unveils probiotic, prebiotic and fibre cereal brand for digestive health

USA – The Kellogg Company has debuted a new cereal brand, HI! Happy Inside that contains prebiotics, probiotics, and fiber that supports digestive health and wellness of consumers. Kellogg said the new cereal delivers 1 billion CFU live probiotics from active strains, 2.5 grams of prebiotics and 8-9g of fiber pending variety. Developed at WK…

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,…

AB InBev and SA Breweries to launch alcohol-free grain snack to support farmers

SOUTH AFRICA - South African Breweries in partnership with the parent company AB InBev are piloting a savoury, alcohol-free grain snack, made from locally grown grain to support emerging farmers and community development initiatives, reports ANA. The snack, called Castle Lager Better Bites is packaged in 40g packs and available for purchase at five tavern…

Africa’s agribusiness to reach US$1 trillion by 2030, industry experts

AFRICA – Africa’s agribusiness is projected to reach US$1 trillion by 2030 and this can be achieved through significant investments to unlock the industry’s potential, according to industry experts who attended the Africa Investment Forum held in South Africa. It was noted that there was need to invest US$45 billion per year to harness the…