Bunge offloads grain terminal in Russia as biscuit maker Lotus achieves full control of Italian joint venture

EUROPE – Bunge, one of the largest agricultural commodities trading companies in the world, has sold its Rostov grain terminal in southern Russia for an undisclosed sum, according to a report by Reuters. The news comes as Belgium-headquartered biscuit maker Lotus is consolidating its presence in Italy by achieving the full ownership of its marketing joint venture, Lotus Bakeries Italia. Following the acquisition, Lotus Bakeries Italia will now focus exclusively on marketing Lotus Bakeries brands in the country. “With the acquisition of full control over our entity in Italy, we’re…

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PepsiCo accelerates transition to electric mobility, launches new US$40m scholarship program for Black and Hispanic students

US – American multinational snack and beverage company, PepsiCo is moving beyond the electric truck pilot program and is embarking on a large-scale transition of its fleet to electric and other zero-emission technologies. According to a report by GreenBiz, the maker of Pepsi Soda, has a goal of converting a large portion of the 27,000 trucks and vans that move its products to more sustainable technologies. At the moment, the company through its Frito-Lay snack food division, is using a manufacturing facility in Modesto, California, as a testbed to try…

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Ethiopia’s oil seeds production to marginally decline due to drop in sesame production

ETHIOPIA – Ethiopia’s oil seeds production i.e., sesame seed, Niger seed, and soybeans in marketing year 2020/21 (October to September) is estimated to reach 705,000 metric tons, slightly down by 0.3 percent over previous year. The production quantities of Niger seed and soybean during the period under review are estimated to increase by 2 and 14 percent, respectively, over last year’s level reaching 300,00 metric tons (MT) for Niger seed and 150,000 MT for Soybean. Expansion in planted acreage and improved yield due to good weather conditions are set to…

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Molson Coors transitions UK brewing operations to 100% green energy as battle against cybersecurity threat intensifies

UK – Molson Coors Beverage Company is set to become the first major UK brewer to produce all of its beers and ciders using 100% green electricity. This is after the company signed a ten-year power purchase agreement (PPA) with RWE, which will see all of its UK operations powered by renewable electricity. The move is a major step towards achieving Molson Coors’ 2025 sustainability goals, including its aim to reduce carbon emissions by 50% across all direct operations. The brewer says that the renewable energy deal with RWA sees…

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Innscor Africa reports 45% growth in half year revenue boosted by improved performance across most categories

ZIMBABWE – Innscor Africa Limited, an expansive manufacturing and retail conglomerate in Zimbabwe, has reported 45% growth in half year revenue for the six months to December 2020. The rise from ZWL 19.1 billion (US$52.7m) of the corresponding period in 2019 to ZWL 27.7 billion (US$76.5m) was driven by strong volume performance across most units, the removal of subsidized pricing on certain core product categories, and pricing policies that were implemented to secure inventory replacement. According to the company’s financial statement, the operating environment was characterized by fragile macro-economic environment…

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Bacardi, Manchester Distillery expand alcoholic beverage portfolios with new product launches

EUROPE – Alcoholic beverages giant Bacardi and its much smaller rival Manchester Distillery have introduced new products to expand their respective alcoholic beverage portfolios. Bacardi which is one of the one of the largest privately held, family-owned spirits company in the world has introduced three new ready-to-drink (RTD) offerings, expanding its Martini portfolio. These include Martini Fiero & Tonic and Bacardi, Martini Non-Alcoholic Vibrante & Tonic, and Martini Non-Alcoholic Floreale & Tonic. Martini Fiero & Tonic is described as a “perfectly balanced” drink featuring vibrant citrus notes of Murcia orange…

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Impact investor Root Capital to finance agribusinesses in Africa through US$35m DFC’s investment

AFRICA – Root Capital, a nonprofit impact investor offering farmers around the world a path to prosperity, has receives US$35 million support from the U.S. International Development Finance Corporation (DFC). The investment will provide financing to small and growing agricultural businesses in sub-Saharan Africa, Latin America, and Southeast Asia. This will help break the cycle of rural poverty, reduce food insecurity, and increase environmental sustainability, while responding to the COVID-19 related challenges facing smallholder agriculture. It will also advance women’s economic empowerment, with at least 50 percent of Root Capital’s…

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Global ingredient manufacturer Kemin becomes majority shareholder in Egyptian animal vaccine company MEVAC

EGYPT – Kemin Industries, a global ingredient manufacturer has expanded its presence in the global vaccine market by becoming a majority shareholder in MEVAC, an animal vaccine manufacturer based in Cairo, Egypt, and a shareholder in MEVAC’s sister company, UVAC. UVAC was established to produce foot-and-mouth disease and tissue-culture vaccines for animals, as well as human vaccines. As part of its investment in the two companies, Kemin will have access to a modern vaccine plant with production and R&D capabilities to support future growth. “We entered into a partnership with…

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Third triumph for Woolworths Mature Gouda by Lactalis as South African Dairy Product of the Year

SOUTH AFRICA – Lactalis South Africa’s 10-months Mature Gouda, made especially for Woolworths, was crowned the South African Dairy Product of the Year at the South African Dairy Awards. This is the third time in a row that this particular product from Lactalis has scooped the Dairy Product of the Year accolade, an unrivalled achievement for the SA Dairy Championships, now in its 188th year of existence. The Gouda, an aromatic and full-flavoured cheese, was one of almost 900 dairy products from 68 producers that vied for the attention of…

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Sensient Natural Ingredients, Taylor Farms expand North American operations with new acquisitions

NORTH AMERICA – Sensient Natural Ingredients and US producer of salads and fresh foods Tailor Farms have made new acquisitions to expand their capacities in North America. On its part, Sensient Natural Ingredients announced that it has completed its purchase of New Mexico Chili Products, a dehydrated chilli production facility in the US. Located in Deming, New Mexico, the facility processes capsicums and a variety of specialty chillies for CPG food manufacturers, spice blenders and foodservice customers. The new asset is a great addition to the company which already processes…

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