Hormel Foods agrees to sell Fremont processing facility to WholeStone Farms

USA - Hormel Foods Corporation, a global branded food company, and WholeStone Farms, have announced that they have entered into a definitive agreement to sell the Hormel Foods Fremont, Neb., processing facility to WholeStone Farms, LLC. According to Hormel Foods, the transaction is subject to customary closing conditions and is expected to be completed in…

Tyson Foods wins contracts worth US$726.6m for beef production and supply in the US

USA - Tyson Fresh Meats, a unit of Tyson Foods, has won a US$440 million defense contract to provide fresh beef and frozen ground beef products to military commissaries in the central and eastern United States. The company also won a separate US$286.6 million contract to provide fresh beef and frozen ground beef products to…

Nigeria Federal Court strikes out suit filed against GM crops permit issuance

NIGERIA - The Federal High Court in Abuja struck out a suit filed against the issuance of permits and subsequent release of Genetically Modified (GM) crops including BT cotton in the country. According Premium Times, Justice Ahmed Mohammed held that the court was compelled to strike out the suit because it appeared statute barred, though…

Tiger Brands full-year profit fall by 37% after Listeriosis outbreak aftermath

SOUTH AFRICA - Tiger Brands Ltd., a South African packaged goods company, has said that its full-year profit fell as much as 37% after one of its plants was blamed for South Africa’s listeriosis outbreak. According to Bloomberg, the company shares dropped by 9.8%, the most since March 5, the day after the South African…

Avocado farming booms as Kenyan farmers cash in from increasing European demand

KENYA – Farming and sale of avocado is proving to be profitable to Kenyan farmers as farmers are switching coffee and tea for avocados in a bid to profit from increasing European demand. According to News24, avocado toast is becoming a staple of European menus, as said by Laura Hannoun, a blogger who has listed…

Palm oil plantations across Africa forecast to rise as demand increases, study says

AFRICA - A new study forecasts a rise in palm oil plantations across Africa as the global demand for the commodity continues to grow, as the continent offers the low-lying tropical ecosystems palm oil prefers, hence an opportunity for businesses and local farmers to generate income. According to FoodingredientsFirst, lessons learned from Southeast Asia, where…

Cargill invests US$40m at England factory to increase production

ENGLAND - American group Cargill has invested US$39.78 million at its factory on a 13-acre site at Balliol Business Park, England as it takes on production operatives, shift engineers and team leaders for the factory. The new line will extend its capacity to more than the 19,000 tonnes of chicken product it currently delivers annually.…

Nestlé Waters North America names Yumi Clevenger-Lee as Vice President and CMO

USA - Nestlé Waters North America (NWNA) has announced that Yumi Clevenger-Lee has been named Vice President and Chief Marketing Officer, effective August 1, 2018. According to the company, Clevenger-Lee replaces Antonio Sciuto who has made the decision to leave NWNA to consider opportunities both within and outside of Nestlé. Clevenger-Lee is a seasoned and…

Maize flour prices in Uganda fall due to increased supply of cheap grains

UGANDA - Maize flour prices have dipped to a six-year low on increased supply of cheap grains from Uganda and harvests in western Kenya, easing inflationary pressure. According to Business Daily, the imports from Uganda and harvest has pulled down grain costs from Sh3, 200 a bag in January to below Sh2, 000, offering millers…

Bosch Appliances to open next regional outlet in Ethiopia after Kenya

ETHIOPIA – German engineering and electronics maker, Bosch Appliances, will open its next regional outlet in Ethiopia this year as it eyes further expansion across Africa. According to the Business Daily, the multinational engineering and electronics maker said it will then open similar stores in Uganda, Tanzania, Mozambique, Senegal, Zimbabwe, Namibia, Ivory Coast and Nigeria…