Uganda’s Local Content Policy boosts grain trade as volumes rise

UGANDA - Uganda’s local content policy has played a significant role in boosting grain trade as a result of increased volumes of grain bought locally, improved value for farmers and high quality grain, the East African has reported. Local content policy aims to improve production jobs, incomes while unlocking the potential of agriculture which contributes…

Beth Ford named first female president and chief executive at Land O’Lakes

USA - The American, member-owned agricultural cooperative Land O’Lakes has appointed Beth Ford as new president and chief executive officer effective 1 August 2018. Beth Ford becomes the first female chief executive in the company’s history after previously serving as chief operating officer in charge of its three largest businesses since 2017. She succeeds Chris…

Uganda considers banning sugar exports to Kenya to address shortage

UGANDA - Uganda is planning to limit or ban sugar exports to Kenya in order to protect the local market that is facing supply shortfalls, an article in the Business Daily has revealed. Due to a sugar crisis in Kenya, local traders have rushed to seize the opportunity to import sugar across the border, something…

Maize prices drop 40% on increase in supplies

TANZANIA - Maize prices declined by an average of 40% for the last three months as a result of increase in supply, according to an article on the Citizen. According to data by the Ministry of Industry Trade and Investment, prices fell in many regions, a 100-kilo bag of maize dropping to US$17.99 on July…

Bunge to close soybean crushing facility in Argentina with 60 possible layoffs

USA - The US grains merchant Bunge Limited is considering the closure of a soybean crushing plant in Buenos Aires Province putting about 60 jobs at risk, reported Reuters citing information from union of employees of soy crushing plants in Argentina. The union of employees representing Argentina’s soy crushing plants said that Bunge had informed…

Kenya to become the first East African state to produce industrial sugar

KENYA - Kenya is considering production of refined sugar for industrial use becoming the first in East Africa but unavailability of raw sugar, the main ingredient in the product stands in the way of such plans, an article in the EastAfrican has revealed. According to Solomon Odera, head of the Sugar Directorate at the Agriculture…

Government’s flagship program yields 707,150MT increase in grains production

GHANA - Ghana’s cereals and legumes production increased by 707,150 metric tonnes attributed to the flagship programme introduced by the government to promote growth in food production and create jobs across the country. The campaign, ‘Planting for Food and Jobs (PFJ)’ is a five-year policy geared towards increasing food productivity and ensure food security for…

Grains board urges farmers to ditch middlemen and instead deliver grains to depots

ZIMBABWE - The Grain Marketing Board of Zimbabwe has urged farmers to deliver their grains to the nearest depots instead of using middlemen who have benefited from producer price in the stead of farmers, the Herald has reported. The board said only the parastatal and legal contractors were mandated to buy grain from farmers and…

Seaboard’s failure to reach 75% minimum threshold in Unga blamed on activist investors

KENYA - US firm, Seaboard’s planned buyout offer for Unga Group has flopped as it was unable to garner support from shareholders holding a minimum combined stake of 75% in the miller. Daily Nation has reported that a takeover failure was attributed to a group of significant investors who refused to sell their shares, accusing…

Bunge appoints Mark Zenuk to its Board of Directors

USA - Bunge Limited, the American agribusiness and food company has appointed Mark Zenuk, former managing partner of Tillridge Global Agribusiness Partners to its Board of Directors effective July 17. Prior to his appointment at Tillridge in 2016, Zenuk was managing director at NGP Energy Capital Management, where he led NGP’s agribusiness investment platform from…