Indomie maker Dufil Foods acquires May&Baker Noodles for US$2.14m

NIGERIA - Dufil Prima Foods, the maker of Indomie noodles has acquired three noodles production lines of May&Baker Nigeria Plc, a maker, seller and distributor of consumer products for US$2.14 million as it consolidates its market position in pasta. Mr. Girish Sharma, Chief Operating Officer of Dufil Prima Foods confirmed that the acquisition of Mimee…

Capwell Industries invests US$9.99m in a wheat flour plant in an expansion drive

KENYA - Capwell Industries, the Kenyan milling company that specializes in high quality flour, rice pulses and porridges is investing US$9.99 million in a wheat flour plant as part of its expansion strategy into the market. The company is bracing for competition in the lucrative flour milling industry in Kenya indicating plans to introduce more…

Nigeria to import more rice and wheat as consumption needs rise

NIGERIA - Nigeria, one of the largest economies in Africa is set to import more grain supplies; wheat and rice to meet increasing consumer needs, consumption rates impacted by an influx of refugees in the country. According to a report by the Global Agricultural Information Network (GAIN) of the USDA, the country’s rice production is…

Dangote, Flour Mills of Nigeria boost wheat production with threshing machines

NIGERIA - Dangote, Flour Mills of Nigeria and other stakeholders in the milling industry have donated 50 units AMAR multi-crop threshers to wheat farmers to boost wheat production in the country. According to the Guardian Nigeria, this aims at improving grain production for Nigeria estimated at about 16.3 million tons for wheat, rice, corn and…

Flour Mills of Nigeria undertakes wheat seeds multiplication initiative

NIGERIA - Flour Mills of Nigeria has announced that it is undertaking a wheat seeds multiplication initiative by cultivating 75 hectares of wheat farms in Nigeria, according to the newspaper PM News. The company has made the program possible by providing farmers with certified and high-quality wheat seeds and fertilizers. In addition, through a collaboration…

South Africa reduces wheat import tariff by 45% in March

SOUTH AFRICA - South Africa’s wheat imports tariff has declined by 45% to US$32.78 per tonne following a drop in international wheat prices, based on a report by the Agricultural Business Chamber (Agbiz). The reduction is a reprieve for millers such as Pioneer Foods, Godrich Flour Mills, Premier Foods Ltd and others who have been…

Kenya corn production to rebound, high wheat output forecast

KENYA - Kenya’s corn and wheat production is expected to increase to 3.2 million tonnes and 360,000 tonnes in the 2018/19 MY, according to a report from the Foreign Agricultural Service of USDA. Corn production will increase 10% from 2.9 million tonnes in 2017-18 due to an improvement in weather conditions after a prolonged drought…

Thailand’s corn and rice production to hit record high

ASIA - According to the Foreign Agricultural Service of the USDA, rice and corn production in Thailand is predicted to reach a record 21million and 5.1million tonnes respectively in the year 2018-19. The higher figures reflect a 3% and 2-3% increase for rice and corn production from 2017-18 marketing year. Growth in production is expected…

India wheat production to hit 100million tonnes target

ASIA - India’s wheat production is predicted to hit target of 100million tonnes this year given conducive climatic conditions witnessed especially during the grain ripening period. Farmers and scientists attributed the increase to favorable climatic conditions, availability of water, isolated cases of pest infestations in major wheat growing estates in the country, according to Blackseagrain…

MGP Ingredients 2017 net income, net sales escalates

USA - The American MGP Ingredients, a leading supplier of premium distilled spirits and specialty wheat proteins and starcheshas reported that consolidated net sales increased 8.7% to US$88.2 million, while net income increased by 52.6% to US$12.6 million basically due to enactment of Tax Cuts and Jobs Act into law, resulting to the revaluation of…