Kazakhstan, Iran and Russia sign wheat trade cooperation agreement

RUSSIA – Ministry representatives from Kazakhstan, Iran and Russia have signed a Memorandum of Understanding on wheat trade, a step towards boosting trade cooperation between the countries. An AzerNews report stated that the memorandum was an integral part of the free trade zone agreement signed last year between the EEU (Eurasian Economic Union) member states…

Grain processing company Viresol opens US$117m wheat starch plant in Hungary

EUROPE - Hungarian grain processing company Viresol has opened a new wheat starch processing plant worth US$117.66 million (33 billion forints) in Visonta, in northeast Hungary. World Grain report reveals that the plant will process 250,000 tonnes of Hungarian wheat, which equates to about 10% of all Hungarian wheat intended for export. Viresol, which was…

Danone unveils smart cap for its Font Vella mineral water to enhance hydration

SPAIN – Danone has announced that it is set to launch a special smart cap to its Spanish mineral water brand Font Vella that will allow consumers track their water intake as well as hydration levels. Called Coach2O, the device covers the existing bottle cap, ensuring no contact between the water and the device and…

AfDB, African Union launch scorecard to track nutrition progress

AFRICA - The African Union Commission, African Development Bank (AfDB) and global partners have launched the Continental Nutrition Accountability Scorecard to raise awareness and help in curbing malnutrition. The nutrition assessment kit encompasses key nutrition indicators, including internationally agreed nutrition targets, specific and sensitive interventions, policy and legal provisions, nutrition financing and socio-economic impacts. Speaking…

Global Food Safety Partnership calls for more investments to promote domestic food safety

AFRICA - Global Food Safety Partnership (GFSP), a public-private partnership that promotes food safety, has called for more investments into the domestic food safety across African countries in order to curb food-borne diseases. According to a report by GFSP, investments in the African countries should be geared towards promoting food safety for its local consumers…

Technology firms partner in launching digital aquaponics to address malnutrition

SOUTH AFRICA – South Africa’s IT firm Matsei Technologies and Consulting has partnered IFS corporate in the launch of digital aquaponics farming solution aimed at addressing malnutrition in the country. The ‘smart agriculture’ initiative uses technology such as the Internet of Things, Enterprise Operational Intelligence and analytics to automate and monitor fish aquaponics operations in…

Ethiopia’s US$10bn Agro-processing parks set for completion by June

ETHIOPIA – Ethiopia is set to complete construction of its 4 pilot Integrated Agro-Processing Industrial Parks (IAIPs), an investment worth US$10 billion, by the end of June this year reports Ethiopia News Agency. The pilot agro-processing parks have been under construction since 2016 and features; a Baeker for sesame, sorghum and livestock; Bulbula for cereal…

ADM and Danone backs US biotech startup in US$33m series of funding

USA – Sustainable Bioproducts, an American protein biotechnology firm has raised US$33 million in Series A financing led by Silicon Valley-based venture fund, 1955 Capital. Other participants in the round included ADM Ventures, the venture investing arm of Archer Daniels Midland Company, Danone Manifesto Ventures, Breakthrough Energy Ventures- a US$1 billion fund led by Bill…

China to buy 5 million tons of US soybeans as trade negotiations continue

USA – World’s top soybean importer, China is expected to purchase 5 million metric tonnes of American soybeans, following a meeting between trade delegates to US and President Donald Trump. The move seems one step ahead in arriving at a trade truce between the two world economies, since they set a 90-day negotiating window to…

Givaudan, Nestle, Buhler form Future Food Initiative to check food trends

SWITZERLAND – World food companies Givaudan, Nestle and Buhler have launched the Future Food Initiative to accelerate research in the development of on-trend, nutritious and sustainable food products. The co-founders will promote joint research in collaboration with Swiss universities in a bid to develop sustainable food as well as packaging solutions in the food and…