Egypt wheat imports forecast higher in 2018-19 despite strong local production

EGYPT - Egypt’s wheat imports are projected to increase from 12.3 million tonnes to 12.5 million tonnes in the year 2018/19 despite strong local production forecasts, according to USDA’s Global Agricultural Information (GAIN) September report. Wheat consumption in 2018-19 is forecast at 20.1 million tonnes by the USDA, up 1.5% from the 2017-18 estimate of…

Honeywell Flour Mills revenue grows 34% as it plans to open new Sagamu factory

NIGERIA - The wheat based products manufacturer Honeywell Flour Mills Plc has announced 34% growth in revenue to US$197.80 million from US$147.17 million recorded in the year 2017, even as it plans to start production on the new factory in Sagamu next month. According to the Guardian, the company’s gross profit grew by 26% from…

Bunge and Hakan places bids to supply 155,000tons of wheat worth US$49.5m

ETHIOPIA - Bunge SA and Hakan Agro DMCC have placed offers to supply the government of Ethiopia wheat worth US$49.50 million amidst shortages of the commodity in the market. The Herald reports the two were the only among 12 companies who bought bid documents after expressing interest in supplying the commodity meant for both government’s…

Kenyan government drafts standards for blending of maize and wheat flour

KENYA - The government of Kenya has drafted guidelines and standards governing the blending of maize and wheat flour by millers to strengthen the nutritional components of the products, reports the Nation. According to a Kenya Bureau of Standards (KEBs) technical team, the ministry of agriculture wants all flour to be blended by crops like…

Ethiopia tenders bid for procurement of 200,000 MT milling wheat

ETHIOPIA - Ethiopian Trading Business Corporation through the state grain buyer, Public Procurement and Property Disposal Service (PPPDS) has tendered to procure 200,000 MT of wheat grain or milling wheat even as the country faces a shortage of wheat. PPPDS has invited eligible bidders both from local and international countries for the supply of the…

EU and Eastern Europe drought causes damage to wheat, maize and barley crops

EUROPE - The drought in many regions of the European Union and Eastern Europe has caused significant damage to wheat, maize and barley crops, according to FAO of the United Nations. FoodingredientsFirst reported that the Food and Agriculture Organization of the United Nations (FAO) said that the prices of these crops could remain under upward…

Barilla launches 100% whole wheat pasta range in the Middle East

ASIA - Barilla, world’s leading Italian pasta brand, has launched a new whole wheat pasta range in the Middle East, made of 100% whole wheat. Barilla’s whole wheat pasta serves as an excellent source for fibre as it provides 6g of fibre per serving, which is three times the fibre in traditional pasta. According to…

French equity fund acquires minority stake in Mozambican miller, Merec

MOZAMBIQUE - Amethis Fund II, Paris-based private equity fund has acquired a minority equity stake in Mozambique’s largest integrated wheat and maize miller, Merec Industries. In partnership with Proparco and Kibo Fund II, a funding arm of Mauritius based Kibo Capital Partners, Amethis seeks to reinforce Merec’s dominant position in Mozambique and expansion into the…

Zambia maintains restrictions on wheat flour imports from SADC

ZAMBIA - Zambia is not expected to relax its rules on the importation of wheat flour from other Southern African Development Community (SADC) member states as it looks to protect the local industry and economy, according to an article on Lusaka Times. Speaking at the SADC 30th meeting of the committee of Ministers of Trade…

Egypt drops Dubai-based wheat supplier as it approves 120,000T in imports

EGYPT - Egypt through the General Authority on Supply Commodities (GASC) announced on July 18 that it had removed one of its key grain traders, Dubai based AOS from the list of its key suppliers due to delays in wheat cargoes delivery. Reuters has reported the top wheat seller to Egypt had failed to deliver…