U.S. Grains Council president and chief executive Tom Sleight to retire

USA – President and Chief Executive Officer of the U.S. Grains Council (USGC), Thomas Sleight has announced plans to retire in the summer when his successor will be appointed by the firm’s Board of Directors. Tom was named president and CEO of the firm in 2012 after Thomas C. Dorr who also retired from USGC.…

Nestle India reports 9.6% growth in profits to US$47.96m in Q4

INDIA – Nestle India reported a 9.6% growth in net profits to US$47.896 million for its fourth quarter period ended 31st December 2018 up from US$43.76 million posted in the corresponding period in its previous financial year. The company total revenues in the period under review increased from US$417.16 million against US$372.26 posted in the…

IRRI strengthens partnership with University to enhance rice research

PHILIPPINES - The International Rice Research Institute (IRRI) has signed a memorandum of understanding (MoU) with Nagoya University in the Philippines to strengthen capabilities in rice research and education. The cooperation between IRRI and the University will run through a 15-year period bringing together expertise in rice-based agri-food systems with a goal to greatly contribute…

Cargill launches new cocoa powder Gerkens CT70 for baked goods

USA – Cargill Cocoa & Chocolate has launched a new cocoa powder variant called Gerkens CT70 designed for flavor enhancement in especially baked goods applications. The new range, which is an addition to Gerkens, a brand of high quality, consistent and reliable cocoa powders that offers signature taste and colour profiles through top-notch processing and…

Animal nutrition firm Wilbur-Ellis Feed rebrands as Wilbur-Ellis Nutrition

USA - Wilbur-Ellis Feed, LLC, a Canadian animal feed, agribusiness, and specialty chemicals company has been rebranded as Wilbur-Ellis Nutrition. Founded in 1921, the firm is part of the Wilbur-Ellis companies with a vision to develop innovative products within rigorous safety standards and delivered with superior customer service in livestock, pet food and aquaculture industries.…

South Africa’s Chicken Bird Holdings to invest US$150m in Zimbabwe

ZIMBABWE – Chicken Bird Holdings (CBH), a South African poultry and feed company and KFC franchise, has committed to invest US$150 million in Zimbabwe’s poultry and agricultural sector. Chicken Birds’s Chief Executive Officer, Mr Marthinus, noted that the company will invest in chicken production and abattoirs as well as maize and soya bean production. “CBH…

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…

South Africa’s poultry products firm Quantum Foods reports 13.6% decline in earnings

SOUTH AFRICA – Quantam Foods, a feed and poultry products firm in south Africa, recorded 13.6% decline in its egg business during the first four months to January 2019, reports Business Day. Compared to earnings in the corresponding period of the previous year, Quantam had posted a significant decline in earnings which it attributed to…

COFCO International joins CEO-led sustainable development group

SWITZERLAND - COFCO International, the overseas trading subsidiary of COFCO Corp has joined the World Business Council for Sustainable Development (WBCSD) to accelerate sustainable development across its businesses. As a member of WBCSD, COFCO targets to tackle sustainability in soy production and land use challenges in Brazil. The company joins WBCSD as a member of…

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…