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…

Vice President inaugurates 5,000 tonnes cashew processing plant

NIGERIA - Vice President Yemi Osinbajo has inaugurated a 5,000 tonnes per year capacity cashew processing factory in Ilorin, Kwara State capital. He was accompanied by the governor of the state, Abdulfatah Ahmed; Minister of Information and Culture, Lai Mohammed; CEO/Executive Director, Nigerian Export Promotion Council (NEPC), Olusegun Awolowo and Executive Director, Bank of Industry…