The State grain buyer seeks to raise US$75m to purchase maize from farmers

ZIMBABWE - Agricultural Marketing Authority (AMA), the government’s marketing agency plans to raise US$75 million for the purchase of maize from farmers in 2018 season, reports the Herald. The agro-bills which have a tenor of 360 days and interest rate of 7% per annum would be used for the purchases through the Grain Marketing Board…

Zimbabwe’s grain board GMB receives 900,000 tonnes of maize

ZIMBABWE - The cereals and oilseeds commodity trader, Grain Marketing Board (GMB) of Zimbabwe has received 896 273 tonnes of maize and 21 750 tonnes of small grains for the past crop season. The Herald reports the volume was a result of measures put in place by the parastatal to ensure smooth deliveries of the…

Kenyan government drafts standards for blending of maize and wheat flour

KENYA - The government of Kenya has drafted guidelines and standards governing the blending of maize and wheat flour by millers to strengthen the nutritional components of the products, reports the Nation. According to a Kenya Bureau of Standards (KEBs) technical team, the ministry of agriculture wants all flour to be blended by crops like…

Maize millers alarm price rise for Unga and wheat over new fuel tax

KENYA - Maize millers have announced that they plan to increase prices for maize and wheat flours as a result of the 16% Value Added Tax (VAT) on petroleum products, which came into effect on September 1, reports Business Daily. According to Cereal Millers Association, such price hikes reflect increased operating costs associated with the…

AfDB contracts Kenyan firm in a US$1.78m grant to improve maize production

KENYA - The African Development Bank (AfDB) has unveiled a US$1.78 million initiative dubbed Maize Compact programme and has contracted smallholder firm, African Agricultural Technology Foundation(AATF) to distribute high-yielding maize varieties among smallholder farmers. Kenya is among 12 countries in Africa that will benefit from the programme which aims to increase maize production by at…

USAID supports Tanzania to develop new technology to fight aflatoxin

TANZANIA - Tanzania, with the support from the United States Agency for International Development has developed a new technology that reduces aflatoxin contamination in food by 80-90%. The technology known as Aflasafe TZ helps to reduce contamination of the poisonous chemical in both food and animal feed thus, rendering them safe for human consumption. Developed…

Agric import substitution scheme receives US46m beef facility from Homelink Group

ZIMBABWE- Zimbabwe’s special maize import substitution scheme, Command Agriculture has received more private sector financiers including  Homelink Group, a subsidiary of the Reserve Bank of Zimbabwe (RBZ) who have provided US$6 million facility focusing on beef production. Other investors include National Foods Limited, Northern Farming, Staywell (Trading) and chicken producer Irvine’s Zimbabwe which is supporting…

East Africa to develop policy on aflatoxin to boost food security and safety

KENYA - The East African Community member (EAC) states have agreed on plans to develop a policy framework to address the human and animal health threat of aflatoxin contamination and boost food security, a NewTimes report has revealed. The economic bloc aims to address food nutrition, security and safety issues in regard to animal, human…

Maize flour prices in Uganda fall due to increased supply of cheap grains

UGANDA - Maize flour prices have dipped to a six-year low on increased supply of cheap grains from Uganda and harvests in western Kenya, easing inflationary pressure. According to Business Daily, the imports from Uganda and harvest has pulled down grain costs from Sh3, 200 a bag in January to below Sh2, 000, offering millers…

Seaboard sustains a US$2m loss in milling unit in the second quarter

USA - The Kansas based agribusiness company, Seaboard Corp has reported a loss of US$2 million in its Commodity Trading and Milling (CT&M) segment during the second quarter ended June 30. The company had operating income of US$9 million in the segment while net sales totalled US$890 million, a 27% increase from US$701 million in…