JDE Peets to expand in Australia following acquisition of specialty coffee leader Campos Coffee

AUSTRALIA – JDE Peet’s, the world’s largest pure-play coffee and tea group by revenue, is set to acquire Campos Coffee in an effort to bolster its presence in Australia’s coffee market. Founded in 2002 in Newtown, Sydney, Campos Coffee is a specialty coffee leader in Australia, with its award-winning Signature Blends now being brewed in over 600 cafes nationwide under the Campos and Sacred Grounds brands. In 2020, Campos generated revenues of approximately $50 million AUD (US$38.52 million) and expanded its availability to coffee lovers at home, offering premium whole…

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5-year truce on aircraft dispute hands temporary relief to European dairy industry

EUROPE – A recently announced five-year truce in a long-running trade dispute over subsidies for Boeing and Airbus has brought relief to Europe’s dairy industry which found itself in the crossfire between the US and the European Union. Beginning in October 2019, many EU dairy lines have been subject to an additional tariff of 25 percent on arrival in the US. The additional tariffs imposed on EU dairy exports reached hundreds of millions of dollars and severely impacted EU and US-based businesses alike. Dairy producers in the EU lost business…

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Haribo to invest US$31m in boosting UK manufacturing capabilities

UK – German confectionery company Haribo is investing £22 million (US$31.05 million) to enhance technologies and production capabilities at its manufacturing facility in Castleford, West Yorkshire. Haribo says the investment will be used to enhance technologies at the purpose-built UK site and deliver additional capacity, greater efficiencies and reduced costs. In addition, Haribo plans to use part of the finances to strengthen its product reformulation efforts, with sugar reduction as a key focus. The company has already launched a number of reduced-sugar products such as its Fruitilicious gum sweets and…

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E&J Gallo invests US$423m in new US plant to support future business growth

US – E. & J. Gallo Winery (Gallo), a global wine and spirits company, has announced plans to build a new state-of-the-art production facility and distribution center in Chester County, United States to support future business growth and its long-term innovation plans. According to a statement from family-owned company, the new facility to be constructed at a cost of US$423 million will create 496 new jobs over the next eight years. The facility will provide bottling and canning capacity as well as warehousing and distribution for the company’s growing portfolio…

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AfDB taps expertise of Dr Beth Dunford to be Vice President, Agriculture, Human and Social Development

AFRICA – The African Development Bank Group (AfDB.org) has announced the appointment of Dr. Beth Dunford as Vice President, Agriculture, Human and Social Development, effective 1st July 2021. Dr. Dunford, a national of the United States of America, brings extensive experience to this role having held senior level leadership positions in the US government. She is feted for having managed large and complex programs, working with the private sector, civil society, and multilateral and bilateral institutions, as well as with African governments, to deliver agricultural, social and human development impact…

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TechnoServe entices Ethiopian coffee farmers to use cost effective, production stimulating technique

ETHIOPIA – Ethiopia is one of the world’s leading coffee producers, but farm yields are relatively low as coffee growers harvest 40% less per hectare than their counterparts in Uganda and just one-third of what farmers in Colombia produce. According to a report by TechnoServe, the low productivity is attributed to the aging stock of coffee trees in the country, as the plants tend to produce less coffee over time. The non-profit organization has identified that stumping, in which an old single-stem coffee tree is rejuvenated by cutting its stem…

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Delta Corporation benefits from product, market diversification reports 39% rise in full year revenue

ZIMBABWE – Delta Corporation, Zimbabwe’s largest beverage manufacturer has reported a 39% rise in full year revenue to ZW$ 40.45 billion (US$111.7m) for the year ended March 2021. The revenue growth, according to the manufacturing giant was driven by inflation induced pricing across all product categories. Delta operates in four segments: non-alcoholic beverages, sparkling beverages, lager beers and traditional beers. Its lager beer volumes grew by 17% compared to prior year, with the volume recovery attained mostly during the second and third quarters following the relaxation of the COVID-19 restrictions.…

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Pan-African investor EXEO Capital marks end of Agri-Vie Fund I, exits from South Africa’s Cape Olive

SOUTH AFRICA – Pan-African alternative investment firm, EXEO Capital, has offloaded its majority stake in Cape Olive Holdings, one of South Africa’s largest table olive suppliers, to Imibala, a subsidiary of the Lona Group and co-shareholder in Cape Olive. EXEO Capital acquired 62.7% shares of the olive firm in 2013 via its Food and Agribusiness fund, Agri-Vie Fund I. The move marks the exit of the fund from its last investment after reaching the end of its life after 12 years. According to the investor, the return on the investment…

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Zambeef Products registers impressive bottom-line performance driven by poultry, retail division

ZAMBIA – Zambeef Products Plc, the integrated cold chain foods and retail business with operations in Zambia has reported a strong start of the financial year 2021, reporting 20% rise in revenue in Kwacha terms, in the half year period ended March 2021. The group’s revenue was ZMW2.150 billion a rise from the previous year’s ZMW1.79 billion. However, in terms of the US dollars, the company’s earning was down by 21% from US$129.2 million to US$102.5 million. The performance in US$ was adversely impacted by the steady depreciation of the…

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