Rhodes Food profit drops 34.3% impacted by lower sales in a slow economy

SOUTH AFRICA – The JSE-listed food company, Rhodes Food has said that profit after tax for the year ended 30 September declined 34.3% to US$10.95 million as a result of a slowing economic environment that […]

Pioneer Foods earnings soar 47% as inflation curtails growth

SOUTH AFRICA – The South African packaged goods company, Pioneer Foods has reported that earnings per share increased 47% to 575c from 390c in 2017 even the company struggled to contain inflationary pressure driven by […]

USAID awards US$5m grant to University of California to tackle Newcastle disease in Africa

AFRICA – The United States Agency for International Development (USAID) has awarded US$5 million grant to University of California – Davis to aid in tackling the Newcastle disease on the continent. According to GNA, the […]

TADB wants cashew nut cooperatives to invest in value addition for better prices

TANZANIA – Tanzania Agricultural Development Bank (TADB) has called on cashew nut cooperatives to invest in the cash crop’s processing for value addition and better market prices, reports Daily News. Cooperatives were encouraged to prepare […]

Distell to distribute and market cannabis lager for Poison City Brewing

SOUTH AFRICA – Africa’s leading spirits and wines producer, Distell Group has agreed to distribute and market cannabis-infused beer, the country’s first made by Poison City Brewing. The distribution support agreement will see Distell, which […]

Oceana fishing revenue grows 14% to US$549m as Daybrook operations pay

SOUTH AFRICA – Fishing group Oceana has more than tripled after-tax profits in the year to End-September, with revenues jumping 14% to US$549.11 million during the period. Total income for the year grew to US$78.41 […]

US wheat and corn to increase while soybean is projected to fall in 2019

USA – United States is projected to record an increase in both the number of acres and harvests of corn and wheat while soybean acres are expected to fall in the year 2019, according to […]

GrainCorp profit falls 50% under prolonged drought in the eastern grain belt

AUSTRALIA –  Australia’s largest grain handler, GrainCorp has said annual net profit fell 50% to US$51.37 million as a result of dry conditions that hit production in eastern Australia during the last cropping season. The […]