Cashew leads Ghana’s agricultural export products with US$197m

GHANA - Ghana’s cashew earned US$197 million worth in export earnings, representing 53% of the total revenue of US$371 million in agricultural non-traditional exports in 2016. The cashew sector, with an estimated production area of about 89,000 hectares, employing 40,000 people has become the leading category in agricultural products exports, according to GNA. To attain…

Brazil to rank as world’s largest soy producer in 2018 ahead of US

BRAZIL - Brazil is set to top the list of the world’s largest soybeans producer with production estimated at 117 million tonnes, beating the United States which has been on the top rank for a long time in history, according to Abiove, the oilseeds crusher group. Abiove’s report indicates that the US is expected to…

Ferrero aims US$296.6m investment in India to improve distribution network

INDIA - Ferrero, the Italian manufacturer of branded chocolate and confectionery products has unveiled plans to invest US$74.15 million in the sugar confectionery business to bring its total investments to close to US$297m in India. According to an article by ET Retail, the group is considering investments with value-based offerings as part of plans to…

Organic Denmark supports Zanzibar farmers to export organic fruits and veges to EU

ZANZIBAR - Organic Denmark is financing a three-year project that accords small scale farmers a commercial opportunity to export organic fruits and vegetables to European countries. The project has an aim of promoting development of organic farming and production in Zanzibar while extending their market reach beyond the domestic boundaries. IPP media reports the funding…

Japan millers evaluates US wheat, sign deal to develop club wheat

USA - Japan flour millers have gone to the United States to evaluate and discuss on the quality of US wheat among other issues including relationship between the Japanese milling industry and US wheat. The group was welcomed by the Oregon Wheat Commission (OWC) and the Washington Grain Commission (WGC). The forum, also attended by…

Zimbabwe Millers to import 150,000tonnes of wheat to supplement stocks

ZIMBABWE - The Grain Millers Association of Zimbabwe (GMAZ) has announced that it will be importing 150,000 tonnes of wheat upto November to avert market shortages that would rather be experienced in a short while. The millers said the country was left with 90,000 tonnes, only enough to provide two months’ supply but more wheat…

Bunge S.A to supply ‘cheaper’ wheat for humanitarian relief in Ethiopia

ETHIOPIA - Bunge S.A, Amsterdam based subsidiary of Bunge Limited has made the least offer to supply 35,000 tonnes of wheat for US$10.51 million meant for humanitarian assistance programme deemed Productive Safety Net Program. The program targets to reach 10 million food-insecure people, spending US$3 billion a year out of which 14% is funded by…

Ghana to establish a Cashew Development Board by June to regulate the sector

GHANA - Ghana is planning to establish the Cashew Development Board by the end of June this year with a mandate to regulate the cashew industry, reports GNA. Making the announcement, Ghana’s president Nana Addo Dankwa Akufo-Addo said his government recognised the contributions of farmers in the region towards the achievement of national food security.…

New KCC grows market from 23% to 35% as gap with Brookside narrows

KENYA - The Kenyan state-owned dairy processor, New Kenya Co - Operative Creameries Ltd (New KCC) has increased its share of raw milk intake from 23% to 35%, inching closer to Kenya’s largest dairy company, Brookside Dairy with 40% market share, according to latest statistics from the Kenya Dairy Board 2017 data. New KCC recorded…

Pioneer Foods posts 3% dip in turnover as maize recovers from drought

SOUTH AFRICA - Pioneer Foods, the maker of Sasko and Veet-Bix brands has reported a 3% marginal decrease in group turnover to US$784.22 million from US$807.78 million attributed to price deflation in soft commodities that weakened price realisations, principally in maize and to a lesser extent, wheat and rice. For the six months ended 31…