Tag: soybean

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

Food Business Africa

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 […]

China reaches soymeal import deal with Argentina as trade talks near

Food Business Africa

ARGENTINA – The world’s top soymeal producer by volume, Argentina has reached an agreement to export the product to China, marking the first soymeal shipment that Argentina has made to China. According to a report […]

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

Food Business Africa

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 […]

Zimbabwe’s agricultural programme gets US$7.74m boost to increase productivity

Food Business Africa

ZIMBABWE – The government of Zimbabwe has earmarked US$7.74 million (ZW$2.8bn) for Command Agriculture aimed at boostimg maize and soybeans production during the 2019/20 summer cropping season. Command Agriculture is a government initiated programme that […]

Nigeria’s Tamaidukka Group to invest US$25m in agro allied industrial park

Food Business Africa

NIGERIA – Tamaidukka Group, a Nigerian diversified investment company with intrests in agro-industry and real estate development will be investing US$25 million in developing an agro-based industrial park in Kaduna State. The company said that […]

Surface Wilmar to support soya bean out grower schemes in Zimbabwe

Food Business Africa

ZIMBABWE – Surface Wilmar, one of Zimbabwe’s leading edible oil manufacturers, has said that it has the capacity to finance local soya bean out-grower schemes to bolster production. Wilmar seeks to increase soybean production capacity […]

Egypt soybean imports to grow supported by increase in local processing capacity

Food Business Africa

EGYPT – Egypt’s soybean imports have been projected to further increase by 14% in 2019-20 as local processing capacity continues to surge, a report by United States Department of Agriculture (USDA) reveals. The recent report […]

Zimbabwean association calls for increased soybean production to curb imports

Food Business Africa

ZIMBABWE – The Oil Expressers Association of Zimbabwe (OEAZ), an oil producer’s lobby group, has called for increase output of soybean as an intervention to cut reliance on imports. A report by NewsDay reveals that […]

US exports of feed grains set new record at 120 MMT led by corn

Food Business Africa

USA – The United States exports of feed grains and co-products for the 2017/2018 marketing year reached 120 million metric tonnes led by higher corn shipments, setting a new record for the second year in […]

Germany set to become a net grain importer on drought related losses

Food Business Africa

GERMANY – Germany is expected to increase imports of soybeans, soybean meal and become a net importer on production losses related to drought, ‘a weather incident of national extent’, said a report from the U.S. […]