Cargill inaugurates new US$65m modern shrimp feed plant in Ecuador

USA - American agribusiness giant Cargill has inaugurated a new production facility for shrimp feed, with more than US$65 million investment in Guayaquil, Ecuador. According to Cargill, the new feed plant creates 150 new jobs and 500 related positions for local economy, improves aquaculture nutrition technology and services for the region. Described as the ‘world’s…

Land O’Lakes receives funding for new agric and food safety projects in Africa, Asia

USA - Land O’Lakes Development International, an affiliate company of US based member-owned cooperative, Land O’Lakes has received funding from US non-profits to support new agricultural capacity building and food safety programs in Eastern Europe, Africa, Middle East. The funding from the U.S. Agency for International Development (USAID) and U.S. Department of Agriculture (USDA) will…

Cargill India launches ‘NatureFresh Acti Heart’ to expand edible oil portfolio

INDIA - Cargill India has launched 'NatureFresh Acti Heart', a healthy blended cooking oil, eying to expand increase its market share in the premium segment within two years. The new product, blended equally with Canola and rice bran oils and according to the company, it has high Omega 3 content than other products in the…

Foodpanda enters the cloud kitchen with Holachef acquisition

INDIA - The Ola-owned online food delivery network, Foodpanda has acquired Mumbai’s food delivery service Holachef for an undisclosed sum, making an entry into cloud kitchen business. According to Inc42, Foodpanda will take over Holachef’s business including its kitchens, equipment, as well as bring onboard the company’s employees as well as cofounders. "At Foodpanda, we…

Diageo India sells office space in Bengaluru to DivyaSree Group

INDIA - World’s spirit major and beer maker Diageo plans to sell its 30,000 sq. ft. of UB Tower prime office space in Bengaluru to DivyaSree Group for US$380.41 per sq. ft. The deal, reported to be the highest ever fetched in the city’s office market will see Diageo sell and lease back the space…

Central Bank disburses US$1.68b to farmers under credit facility

NIGERIA - The Central Bank of Nigeria (CBN) has released US$1.68 billion (N615Bn) to farmers as at 20 August 2018 under the Commercial Agriculture Credit Scheme (CACS) since its inception, reports ThisDay Live. The facility was established by the federal government in partnership with the federal Ministry of Agriculture to enhance development of agriculture through…

Bidco Africa and Safaricom form partnership to boost edible oil production

KENYA - Consumer goods manufacturer, Bidco Africa and Kenyan communications company Safaricom have formed a partnership that aims to boost oil crop farming and reduce reliance on imports of the commodity. According to Business Daily, the two will work together with Migori County to promote sunflower and soyabeans farming in the region. Safaricom will support…

Unilever launches new probiotic-enriched ice cream brand

EUROPE – Unilever, a British-Dutch transnational consumer goods company, has launched a new probiotic ice cream brand called Culture Republick, which the company claims is the first premium ice cream containing probiotics. According to the company, the Culture Republick’s product range initially includes seven flavours, such as: Milk & Honey, Turmeric Chai & Cinnamon, Cold…

Irish government opens a new US$45.98m dairy research centre in Cork

IRELAND - Ireland’s Ministry for Agriculture and the Science Foundation Ireland (SFI) have opened a new US$45.98 million dairy research centre in Cork, called the VistaMilk SFI Research Centre, to assist the Irish dairy industry. According to FoodBev, the research centre will also provide research for precision pasture-based dairying, to improve the industry’s impact on…

Danone reports 3.1% sales growth of US$7112m in nine-month sales report

FRANCE – Danone, a French multinational food-products corporation, has reported a 3.1% consolidated sales growth in first-nine months, with sales of US$7112 million. According to the company, for the three months ending September 30, 2018, consolidated sales stood at US$7.13 billion, up 1.4% on a like-for-like basis, with a 3.3% rise in value more than…