USDA reduces United States’ corn and soybean production forecasts to five-year low

USA – The U.S. Department of Agriculture in a recent report placed the projected production of corn in the Unites States at 13.779 billion bushels, down by 19.816 million bushels from the September forecast. In […]

Infant formula market size to reach US$103.75bn by 2026 as innovation drives growth

WORLD – The global infant formula market is anticipated to surpass US$103 billion by 2026 with increasing awareness about their nutritional benefits and rising innovation from manufacturers in the sector seen to drive growth, a […]

Accelerating demand for natural low-calorie sweetener to bolster stevia sales – new study shows

WORLD – Increasing demand for natural lower calories sweetener is expected to drive growth in the global stevia market grow at a CAGR of approximately 7% in the next decade (2019-2029). This is according to […]

UK food industry makes further progress on sugar reduction

UK – Public Health England (PHE) has published its second-year highlighting the progress made by the food industry to voluntarily reduce sugar in everyday foods-indicating that food manufacturers have scaled up their efforts in the […]

Diageo maintains organic sales forecast despite uncertainties in global trade policies

UK – Multinational spirits maker, Diageo said that it expects to meet its full-year organic sales targets, adding that it had a good start to 2020 financial year. In a trading commentary ahead of the […]

International Grain Council raises global grain production forecast by 11m tonnes

USA – The International Grains Council (IGC) has revised its forecast for total world grain production in 2019-20 upwards by 11 million tonnes. In its most recent monthly Grain Market Review (GMR) the IGC said […]

Zambian farmers oppose reintroduction of maize price control

ZAMBIA – The Zambia National Farmers’ Union (ZNFU), Zambia’s biggest farmer-lobby group is opposing efforts by the government to reintroduce price controls on maize. The sentiment comes on the heels of escalating maize prices in […]

Kenya monthly tea exports plunge 31% on reduced auction activities

KENYA – Kenya, world second largest tea exporter, reported a 31% decline in tea export in June this year, recording 31.7 million kilos in exports from 45.8 million kilos exported at the same time last […]

Global animal and pet nutrition ingredients market to hit US$24bn by 2025

WORLD – Growth prospects in the global animal and pet nutrition ingredients market look promising over the next six years, according to a recent Frost & Sullivan forecast. Frost & Sullivan expects the total market […]

Tanzania’s coffee production rises to four years high on improved conditions

TANZANIA – Tanzania’s coffee production has almost doubled to four years high, thanks to good weather and high crop circle boom this season. Tanzania Coffee Board (TCB), acting Director General Primus Kimaryo notes that the […]