Tanzanian government blocks export of unprocessed cashew nuts

TANZANIA – The Tanzanian government has reiterated that no company will be allowed to export unprocessed cashew nuts from the country in a bid to protect the local manufacturers, processors and farmers, reports The Citizen. Recently,attempts by companies to export unprocessed cashew nuts hit a dead end after the government blocked export of the produce…

TradeMark East Africa to invest US$2.4m in Rwanda to boost meat, cereals export

RWANDA – TradeMark East Africa (TMEA) has announced that it will be investing US$2.4 million (Rwf2.1 billion) in Rwanda to boost export sector including fruits, vegetables, roots and tubers, legumes and cereals, meat, eggs and dairy. The proceeds will go into facilitating local business to raise the capacity to produce products that meet international standards…

Tanzania government decides to buy cashew nuts stock as dealers cry foul

TANZANIA - Tanzanian President John Magufuli has officially announced that the government would buy all cashew nuts from farmers at about US$1.44 (3,300 Tanzanian shillings) a kilogram. This was after private buyers were reluctant to buy the crop due to disagreement in purchase prices. To support implementation of the directive, President Magufuli directed the Tanzania…

South Africa’s oilseed production to reach 2.6m tons as it moves towards self-sufficiency

SOUTH AFRICA - South Africa’s oilseed production is projected to reach 2.6 million tonnes for the 2018/19 MY from 2.5 million tonnes produced in the previous season, as it moves towards self-sufficiency in oilseed value chains. USDA’s August GAIN report indicates that the country has shown a positive trend in oilseeds planting over the years…

Ethiopia’s oilseed sector expected to expand to meet growing demand

ETHIOPIA - Ethiopia’s production of oilseeds mainly sesame and soybeans is forecast to increase in the year 2018/19 basically as a result of growing demand for cooking oil and livestock feed, most notably soybean meal for poultry production, according to USDA’s June 14 GAIN report. Rise in production is expected to greatly contribute to the…

China’s growing protein meal demand will continue to drive soybean imports

CHINA - China’s oilseed consumption continues to grow, driving demand for increased oilseed imports and government support to expand oilseed production, according to GAIN. According to GAIN reports, the total oilseed consumption for 2018/19 is to reach 164.3 million metric tons (MMT) based on the continued growth of the animal husbandry industry’s demand for protein…

Corbion completes acquisition of Bunge’s stake in SB Renewable Oils JV

USA - The Dutch food and biochemical company Corbion N.V has announced it has completed the acquisition of Bunge’s stake in the Orindiúva, Brazil based SB Renewable Oils JV. This involves a 49.9% stake held by Bunge in the joint venture which specialises in the production of algae ingredients, such as Omega 3 rich oil,…

Australia releases its oilseeds and products annual report

AUSTRALIA - Australia produces over 5 million metric tonnes (MMT) of oilseed crops each year, with canola and cotton seed accounting over 90% of total production. According to a USDA report, there are forecasts of 2018/19 canola production to expand to 4 MMT, up 8% from the previous year because of improved climatic conditions. In…

SGS acquires Oleotest as it expands its reach in Belgium

BELGIUM - SGS SA, the Geneva-based multinational company that provides inspection, verification, testing and certification services has acquired Oleotest NV based in Belgium for an undisclosed sum. Oleotest NV, founded in 1959 in Antwerp, provides chemical testing services in food, feed and agricultural commodities. According to SGS, the company which has a lab that is…

Zambeef appoints new general manager for oil palms scheme

ZAMBIA - Zambeef has welcomed Nelson Basaalidde as new general manager for Zampalm Limited’s palm oil plantation scheme that seeks to improve smallholder capabilities. The Zampalm out-grower scheme is collaboration between Zambeef Products and small-scale farmers in order to develop full potential of the 20,000-hectare plantation. Zambeef says the project has the potential to substitute…