Givaudan to acquire Vietnamese flavor company Golden Frog

VIETNAM – Swiss flavors and fragrances company, Givaudan has announced that it has agreed to acquire Golden Frog, a Vietnamese company owned flavor house for an undisclosed sum. The acquisition is part of the company’s 2020 strategy to strengthen its naturals capabilities and its presence in the high growth markets of Asia Pacific. Established in…

Zimbabwe’s poultry sector recorded 19% decline in output in first quarter

ZIMBABWE – The poultry industry in Zimbabwe recorded a 19% decline in output during the first quarter of the year attributed to a decline in demand and supply in the sector. Zimbabwe Poultry Association (ZPA) chairperson, Solomon Zawe, said that during the period under review, the sector witnessed high cost of feeds forecasting similar conditions…

Cargill invests in Israeli startup Aleph Farms to underpin protein focus

ASIA – Cargill is investing in Israeli cultured meat company, Aleph Farms which has raised US$11.65 million in a series A round of funding. According to Cargill, the investment diversifies its protein interests to meet future consumer demand and complements its focus on animal protein. The round was led by VisVires New Protein and also…

Tata Group to consolidate consumer goods business in corporate structuring

INDIA – Tata Group is looking to consolidate its consumer products businesses, which will be housed under one roof in a strategy the company says will help simplify corporate structure and consolidate operations in similar lines of businesses. ET Retail has revealed that the group will transfer the branded salt, pulses, masalas and ready-to-eat snacks…

Kenya’s Livestock sector grows by 7.6% as revenues hit US$1.46bn

KENYA – The livestock sector in Kenya recorded a 7.6% growth in the previous year as revenue generation from the sector hit US$1.46 billion (Sh146bn) in 2018 from US$1.356 billion (Sh135.6bn) in 2017. According to the 2019 Economic Survey report by Kenya Bureau of Statistics (KNBS), the fast growing sector attracted significant investment reflected by…

Nigeria’s oil palm imports in quarter one hit 112,480mt amid self-sufficiency plans

NIGERIA – Nigeria’s oil palm imports in the three months to end March 30, 2019 reached a total of 112,480 metric tonnes as the country continues to implement strategies to ensure self-sufficiency in oil palm production. According to data from the Malaysian Palm oil Board, the country imported a total of 41,281 tonnes, 8,532 tonnes and…

Kenyan millers to get US$69m worth of maize to ease shortage

KENYA –The Government of Kenya is set to release 3 million bags of maize worth US$69 million to maize millers in the country aimed at easing shortage that has spiked maize and flour prices. Zakayo Magara, acting managing director of the National and Cereals Board (NCPB) said, the millers would receive the grain in tranches…

Egypt’s citrus fruits exports rise to 1.22m tons as world’s second exporter

EGYPT – Egypt has exported 1,220,999 million tons of citrus abroad since the beginning of the new export season of fruits and vegetables, according to the ministry of Agriculture in the country, Ahmed al-Attar, the head of the Central Department of Agricultural Quarantine at the ministry of agriculture, said that the country is also applying…

Ardent Mills to close four US flour mills for operating efficiency

USA – US-based leading flour supplier, Ardent Mills has announced that it is closing close four U.S. flour mills to reflect the analysis of current and prospective flour demand, with a goal to enhance operation efficiency, reports World Grain. The mills have a combined milling capacity of 23,600 cwts and are located in Macon, Georgia;…

Bunge unveils new global business model with senior appointments

USA – Bunge Ltd, global leader in agribusiness and food commodities has announced new global operating model plus changes to its senior leadership structure. The company said the new business structure is aligned with its commercial activities including handling and processing, managing physical product flows, and risk management and optimization.    Agribusiness will be led…