SOUTH AFRICA – South Africa will have to put in place a solid export programme for its expected record harvest for any hope of restoring the maize price, because at the present price levels it is not profitable for farmers to grow maize, according to Neel Rust, chief operating officer of Laeveld Agrochem.
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ZAMBIA – The Policy Monitoring and Research Centre (PMRC) anticipates the market price for maize in the Southern Africa region in the 2016/17 marketing season to reduce further from the current US$290 per tonne due to the expected increase in production in the region.
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GHANA – FanMilk Ghana on Monday, launched FanMaxx, which is a new pasteurized skimmed creamy drinkable yoghurt.
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KENYA – Consumer goods manufacturer Bidco Africa has unveiled a growth plan to increase its local annual turnover from $400 million to $1 billion (Sh103 billion) by 2021.
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NIGERIA – Thousands of farmers in northern Nigeria contracted to grow tomatoes for a set price are shunning the crop this season after pests destroyed much of last year’s produce, leaving the processing factory set up by Aliko Dangote, Africa’s richest man, short of raw materials.
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ETHIOPIA – A week after the government has revealed that there is a drought surge once again in Ethiopia, the Central Statistical Agency (CSA) has reported that food inflation has hit a double digit to 12.6pc in May, its highest rate since January 2016.
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SOUTH AFRICA – Taste Holdings could spend as much as R328 million on building up to 41 more Starbucks shops in Johannesburg, Pretoria, Durban and Cape Town by February 2020, Taste CEO Carlo Gonzaga said this week.
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TANZANIA – Soft-drink producers have called on the government to reduce multiple regulatory fees in its 2017/18 budget.
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NIGERIA – Arla Dano recently celebrated this year’s World Milk Day with school children in Lagos, in collaboration with the Nutrition Society of Nigeria (NSN) to raise awareness for milk intake.
Read MoreWORLD – The Rainforest Alliance and UTZ, two of the world’s leading sustainability certification organisations, have announced their intention to merge later this year.
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