Ag Growth International appoints Jim Rudyk as company CFO

CANADA – Ag Growth International (AGI), a leading provider of solutions for the global food infrastructure has named Jim Rudyk to the position of chief financial officer. According to the company’s press-statement, Rudyk being a senior member of the executive team will report directly to Tim Close, chief executive officer. He will work out of the Toronto office. He will be responsible of finance, accounting, business intelligence and information technology. Rudyk has more than 20 years of financial and operational experience with a diverse range of organizations. “The variety and…

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South Korea feed industry switch to distiller’s dried grains with solubles, increasing US exports

SOUTH KOREA – The outbreak of COVID-19 caused U.S. distiller’s dried grains with solubles (DDGS) prices in South Korea soared to US$300 per metric ton in April and May making it almost impossible to secure exports causing DDGS exports to South Korea to fall. Due to this, the feed industry in Korean rapidly switched to alternative feed ingredients. This resulted in large feed millers completely excluding U.S. DDGS from their feed formulations and most compound feed companies reducing inclusion rates dramatically. The Council recognized the urgency of reinforcing the economic…

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Kenya tea exports down despite 38% rise in production while coffee earnings drop

KENYA – Tea production in Kenya has risen by 38% in the seven months to July from 244 million kilogrammes registered in the same period in 2019 to 337 million kilograms. Despite the increase in production, the Tea Directorate has indicated that the exported amounts declined by 3.4 million kilos as commodity markets continued to face disruptions because of COVID-related restrictions, reports Business Daily. The volumes exported to different countries dropped to 289.1 million kilogrammes from 292.6 million in corresponding time last year. “Notably, access to some markets is still…

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Green plains to build high protein ingredient production facilities with US$75m financing

USA – Diversified commodity-processing company, Green Plains Inc. has announced the closing of a US$75 million 15-year term loan facility with MetLife Investment Management (MIM), due 2035. The company will use the proceeds to finance the construction of high protein technology at Green Plains Wood River LLC as well as a yet to be announced future location. Green Plains has indicated that the high protein products will serve as a cornerstone ingredient for both the pet food and aquaculture industries demand for higher purity proteins with lower fiber, unique amino…

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China tops with 8.733 million metric tons in grain purchase as marketing year officially starts

CHINA – China becomes the largest buyer of corn and sorghum from USA after it had purchased 8.733 million metric tons of U.S. corn and 1.365 million tons of U.S. sorghum for the 2020/2021 marketing year, as of Aug. 27, 2020. September 1 marked the start of a new crop marketing year and China is already on the books as the largest buyer trend that could continue through the 2020/2021 marketing year based on supply and demand factors. These sales add to 2.312 million tons of U.S. corn and 3.932…

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Not glass – Pioneer foods confirms alleged contamination on juice brand as product recall continues

SOUTH AFRICA – Pioneer Foods, South African packaged goods company has recalled a single batch of its 300ml cans of Liqui Fruit red grape juice brand following allegations that it contained small shreds of glasses. Following the launch of reports by some consumers, the company issued a national recall of the product and immediately undertook investigation to ascertain the root cause and extent of the issue. According to a press-release by the company, Pioneer Foods confirms that what was previously visually identified as “shards of glass” is actually crystals of…

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Heineken Mozambique kicks off local production of Heineken beer following US$20m investment

MOZAMBIQUE – Heineken, leading beer maker has inaugurated a new production line worth US$20 million at its Mozambique plant to produce Heineken beer in the country for the first time. The new production line having a production capacity of 350,000 hectolitres per year (35 million litres) can fill 16,000 bottles in an hour, corresponding to 666 crates, each holding 24 bottles, reports AIM. Speaking at the launch ceremony, Minister of Industry and Commerce Carlos Mesquita noted local production of the Heineken beer would save the country about US$50 million a…

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Water dispenser manufacture Waterlogic acquires two bottle-less water dispenser businesses

USA – Waterlogic, water dispenser manufacturer and supplier, has agreed to acquire two businesses in the US: Elite Water & Coffee and Smart Water, both for undisclosed sums. Jackson, Mississippi-based Elite Water & Coffee is a provider of Waterlogic bottle-less water dispensers, ice machines, and coffee; while Smart Water is a provider of bottle-less water dispensers based in Kendall Park, New Jersey. According to Waterlogic, the acquisition of Elite Water & Coffee will significantly increase Waterlogic Americas’ water and coffee customer base while bolstering its national presence. “Drew and Natalie…

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Fishing firm Sanford New Zealand CEO Volker Kuntzsch resigns after seven years

NEW ZEALAND – Sanford, a fishing and processing firm, has announced that its CEO of New Zealand, Volker Kuntzsch, has resigned after seven years leading the company. Chairman Rob McLeod said Volker had made a transformational impact on Sanford. “Volker has helped transform Sanford into a progressive, values-based company with an outstanding commitment to environmental sustainability and to Sanford’s people. “On behalf of the Sanford team, we are grateful to Volker for his leadership and thank him for a seven-year contribution as our chief executive.” Over those last seven years,…

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Ghana to inaugurate US$4m maize processing factory in November under 1D1F initiative

GHANA – Ghana is scheduled to commence operations on its almost completed US$4 million maize processing factory in Ashanti region by November this year. This was revealed by the Minister of Trade and Industry, Alan Kyerematen as he inspected the progress of the work on the 440 square metre facility, reports Ghana Web. “The One-District One-Factory initiative is a private sector-led programme. However, with areas where the private sector is yet to come, we developed the common user-processing facilities pillar to bring farmer groups together to own their factory and…

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