EU and Eastern Europe drought causes damage to wheat, maize and barley crops

EUROPE - The drought in many regions of the European Union and Eastern Europe has caused significant damage to wheat, maize and barley crops, according to FAO of the United Nations. FoodingredientsFirst reported that the Food and Agriculture Organization of the United Nations (FAO) said that the prices of these crops could remain under upward…

AfDB to increase fish production in Africa by 5m tonnes by 2025

NIGERIA - The multilateral development finance institution, African Development Bank (AfDB) Group has announced it is targeting to increase aquaculture production in Africa by five million tonnes by 2025. Through its Technologies for African Agricultural Transformation (TAAT) programme, the bank is looking to increase inland water fish to enable Africa become self-sufficient in fish production,…

Kenyan University launches a US$3.98m food laboratory in a food fortification drive

KENYA - Jomo Kenyatta University of Science and Technology (JKUAT) has launched a food laboratory worth about US$3.98 million, to be used as a centre for monitoring and analysing the nutritional significance of foods, Business Daily has reported. This is part of the European Union funded food fortification programme in collaboration with the ministry of…

Plastic recycler Extrupet to inject US$15m into economy to meet recycling goals

SOUTH AFRICA - Africa’s largest PET bottle recycler Extrupet has announced plans to inject US$14.99 million into South Africa’s economy to help meet recycling and job creation goals for the next five years. Plans by Extrupet, which recycles about 2.5m plastic bottles per day, would help the country achieve its post-consumer recycling targets set for…

COCOBOD to introduce organic fertilizer on cocoa farms

GHANA - The Ghana Cocoa Board (COCOBOD) has unveiled plans to introduce use of organic fertilizer on cocoa farms in another strategy to increase yields and cocoa production in the country. The fertilizers will help in enriching the soil as opposed to use of chemicals and weedicides that has affected the soil fertility and yields…

Tongaat Hulett’s CEO Peter Staude to retire end of October

SOUTH AFRICA - The agricultural and sugar processor Tongaat Hulett has announced that its long-serving Chief Executive Peter Staude will be stepping down his role at the end of October after attaining the retirement age of 65 in June, Business Day reports. Staude who has been CEO of the agri-processing business since 2002 said in…

Diageo invests in a new Guinness brewery in Maryland, USA

USA – Diageo, a British multinational alcoholic beverages company, has invested in a new Guinness brewery outside of Baltimore, Maryland which represents the first Guinness brewing operation on U.S. soil in more than 60 years. According to Guinness, the brewery will attract more than 300,000 visitors in its first year of operation. In addition to…

Kelllogg attributes acquisition of Chicago protein bar RXBar for profits

USA – Kellogg’s, an American multinational food-manufacturing company, has attributed the acquisition of the Chicago protein bar RXBar for its continued sales reports. According to CNBC, Kellogg bought the River North-based company last fall for US$600 million, a hefty price tag that conveyed both the potential that Kellogg saw in RXBar and also Kellogg’s desire…

Mitsubishi Corporation to acquire 80% stake in food manufacturer Gourmet Delica

JAPAN - Mitsubishi Corporation, Japan's largest trading company, has announced plans to purchase an 80% stake of Gourmet Delica Co., Ltd. from its current owner Kewpie Corporation. Gourmet Delica manufactures pre-cooked rice and other delicatessen for use in lunch boxes, most of which is sold to Lawson Inc., the operator of Japan’s third largest chain…

HUL signs agreement with Vijaykant Dairy to acquire Adityaa Milk ice cream business

INDIA - Hindustan Unilever Limited (HUL), a consumer goods company, has announced that it has signed an agreement with Vijaykant Dairy and Food Products Limited (VDFPL) and its group company to acquire its ice cream and frozen desserts business consisting of its flagship brand ‘Adityaa Milk’ and front end distribution network across geographies. According to…