Grand Parade reports growth in profits as Burger King sales climb 34%

SOUTH AFRICA – Grand Parade Investments (GPI), fast food chain operator reported an increase in its operating profit for the year to end June 2019 to R44.2m (US$2.96m), benefiting from improved sales and profitability at […]

Fonterra’s chairman John Monaghan due to step down in 2020

NEW ZEALAND – Fonterra’s chairman John Monaghan is due to retire as a director in 2020 and will the work with the board of the dairy giant to plan succession. Monaghan was elected to the […]

Heineken South Africa boosts Namibia Breweries profits

NAMIBIA – Namibia Breweries Limited have closed their 2019 financial year with 17 export destinations, 18 brands, and a profit of N$931 million (US$62.88m), reports the Namibian. This is according to recently released financial statements […]

USDA projects increase in consumption of wheat, corn in Egypt

EGYPT – According the Global Agricultural Information Network report from the U.S. Department of Agriculture (USDA), consumption of wheat and corn in Egypt is forecast to increase in 2019-2020 due to population growth and increase […]

Côte d’Ivoire, Ghana cocoa farmers to reap from the newly introduced premium living income

WEST AFRICA – Ghana and Côte d’Ivoire have agreed to sell cocoa with a premium Living Income of $400 a tonne added to the price in a bid to address a perceived imbalance between farmers’ […]

Glencore joins global agriculture commodity trade modernization initiative

USA – Global agribusiness company, Glencore Agriculture has joined other major partners in industry-wide initiative to modernize global agricultural commodity trade operations. The initiative now comprises of six agricultural commodity trade giants including Archer Daniels […]

DuPont launches new range of enzymes with improved functionalities

DENMARK – DuPont Nutrition & Biosciences has launched the ‘DuPont™ Danisco® POWERPasta™’ range of enzymes, the latest solution for customers in the rapidly expanding global pasta sector. The enzymes offer solutions to food manufacturers byhelping […]

Beyond Meat names former Amzon executive as chief operating officer

USA – Los Angeles-based meat-alternative producer, Beyond Meat has appointed Sanjay Shah as the company’s new chief operating officer, effective September 18, 2019. Shah, who had earlier on served as an executive in Amazon and […]

FDA launches updated Food Defense Plan Builder to control food adulteration

USA – The US Food and Drug Administration has launched an updated version of the Food Defense Plan Builder (FDPB) to help companies meet the requirements of the Intentional Adulteration (IA) rule. The rule, entitled […]