Kerry agrees to supply Renaissance’s acrylamide-reducing yeast technology

CANADA – Ireland based taste and nutrition company, Kerry has signed a license agreement with Renaissance BioScience Corp to supply Renaissance’s yeast technology. The partnership expands Kerry’s clean label offering, will see the food company commercialize Renaissance’s Acryleast, a non-GMO acrylamide-reducing yeast enzyme, to food and beverage manufacturers starting 2019. Acryleast is a natural, non-GMO…

Zambia launches SADC harmonized certified-seed regulatory system

ZAMBIA – The government of Zambia has launched the Southern African Development Community (SADC) seed certification and harmonized seed regulation system, reports Lusaka Times. This puts Zambia in a position to produce and trade certified seeds in the SADC region and ensures availability of high quality seed to farmers through rationalizing and removing national regulatory…

Cargill India appoints Simon George as new President

INDIA – The American agricultural major, Cargill has appointed Simon George, as the new President of its Indian business to succeed Siraj Chaudhry who stepped down as Chairman and Cargill’s country representative. Simon was Managing Director for starches and sweeteners division in the country and brings in 30 years’ experience from the industry that is,…

Zimbabwe’s biggest flour miller National Foods to close down mills

ZIMBABWE – National Foods, Zimbabwe’s leading flour and food producer has announced that it plans to shut down its flour mills blamed on impeding foreign currency shortages in the country, according to ANA report. The Harare based food company had written to its customers indicating the intention to close down its flour processing factories in…

Norwegian government, WFP sign US$3m deal to support Tanzanian farmers

TANZANIA – The government of Norway has signed a US$3 million (Tsh8 billion) with the UN World Food Programme (WFP) aimed at improving smallholder farming in Tanzania, reports Daily News. The funding will support the Farm to Market Alliance (FtMA), an initiative aimed at affording smallholder farmers to access farm inputs and markets for their…

Ghana launches US$2.4m national rice initiative for self-sufficiency

GHANA – The Ministry of Food and Agriculture (MOFA) has launched a US$2.4 million national rice Initiative with an aim to reduce over-reliance on imports and enhance the country’s rice self-sufficiency, reports Ghanaian Times. Referred to as Public-Private Partnership for Competitive and Inclusive Rice Value Chain Development: Planting for Food and Jobs-Rice Chapter, the initiative…

GrainCorp receives US$2.4b buyout offer from Long-Term Asset Partners

AUSTRALIA – GrainCorp, Australia’s leading grain and commodities trading company has received a US$2.4 billion buyout offer from Long-Term Asset Partners Pty Ltd (LTAP). The indicative offer involves control of 100% of the shares in GrainCorp for cash consideration of US$10.42 per share. According to GrainCorp Board, the proposal is subject to a number of…

RiceBran completes acquisition of Golden Ridge for US$7.8 million

USA - Specialty ingredient company, RiceBran Technologies has announced that it has completed the acquisition of the assets and operations of Golden Ridge Rice Mills at a consideration of approximately US$7.8 million. The transaction also includes Golden Ridge’s milling and rice bran stabilization facility in Wynne, Arkansas, U.S. The Company expects Golden Ridge to add…

Ghana institute develops new rice and cowpea varieties to boost economy

GHANA - Ghana’s research institutes have developed new rice and cowpea varieties with improved traits that is set to improve the country’s economy by US$160.67 million, reports Ghana News Agency. According to an economic assessment done by the Forum for Agricultural Research in Africa (FARA), the country is set to gain over US$160 million upon…

South Africa’s Kaap Agri revenue rises 8% as wheat business pays

  SOUTH AFRICA – South Africa’s agricultural retailing and service company, Kaap Agri has recorded an 8% increase in revenues to US$477 million arising from a remarkable increase in its important wheat business, reports Business Day. In the year to end September, the company said wheat seed sales had recorded a 40% increase resulting in…