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…

EU and Eastern Europe drought causes damage to wheat, maize and barley crops

EUROPE - The drought in many regions of the European Union and Eastern Europe has caused significant damage to wheat, maize and barley crops, according to FAO of the United Nations. FoodingredientsFirst reported that the Food and Agriculture Organization of the United Nations (FAO) said that the prices of these crops could remain under upward…

Flour Mills of Nigeria profits drop 26% in a challenging business environment

NIGERIA - Flour Mills of Nigeria Plc, the Nigerian agribusiness company has reported 26% decline in group operating profit from US$41.81 million to US$31 million in the first quarter ended June 30. Group revenue fell to US$368.33m, down 11% from US$412.37 million a year ago while profit before tax was US$14.40 million for the three…

RMG Ghana introduces new chemical ‘Belt Expert 480SC’ to fight armyworm

GHANA - Ghana’s agricultural company, Regional Marketing Group (RMG) Ghana Limited has introduced a new chemical Belt Expert 480SC to combat the fall armyworm menace. Belt Expert 480SC, manufactured by Bayer CropScience is described as a long standing solution for the control of various chewing (lepidopteran) pests and sucking pests on maize, vegetables, and other…