Pioneer Foods’ division Bokomo upgrades milling plant for increased efficiencies

BOTSWANA - Bokomo Foods, a breakfast cereals company and division of Pioneer Foods (Pty) Ltd has unveiled an extensive mill upgrade which it had been undertaking since the first quarter of 2018, reported Botswana Daily News. According to the company’s CEO Mr Werner De Beer, the upgrade was a first of its kind in the…

South Korea and Japan halts ‘genetically modified’ wheat imports from Canada

SOUTH KOREA - South Korea has announced that it has suspended wheat and flour imports from Canada after the Canadian Food Inspection Agency (CFIA) announced that it had discovered genetically modified (GM) wheat in southern Alberta. On June 15, Japan temporarily halted imports of Canadian wheat saying it was reviewing tests that Canadian officials had…

USA and China trade war intensifies with new tariffs on soybeans and technology

USA - The United States has threatened to impose a 25% tariff on products with ‘industrially significant technologies’ from China while the latter has promised retaliatory measures on 100 types US goods including 25% tariff on soybean. The new measures were announced by US President Donald Trump on June 14 prompting a haste response from…

Genetically modified wheat ‘related to Monsanto GM wheat line’ detected in Canada

CANADA - The Canadian Food Inspection Agency (CFIA) has discovered genetically modified (GM) wheat in southern Alberta, Canada even when GM wheat is not authorized in the country. World Grain reported that the testing carried out by CFIA found out that the Alberta wheat sample was a match for a Monsanto GM wheat line that…

Hollandia launches new soy milk sachet to expand portfolio

NIGERIA - Chi Limited, Nigeria’s fast-moving consumer goods company has launched 100ml soya milk sachet, an additional range to its soya milk brand portfolio, Hollandia. The offering, available in resealabe Tetra Pak gives customers more choice among its soya milk products and according to the firm, the move is meant to deliver value by making…

Seaboard’s Unga buyout offer period extended to late June

KENYA- Seaboard’s Corporation’s offer of US$0.40 per share for Unga Group will wait longer to close after a section of Unga’s significant shareholders termed the offer by the multinational conglomerate as inadequate, citing the company’s assets. The extension indicates that Seaboard has not yet met minimum requirement for a 75% stake needed for the transaction…

Global tea production and consumption rises, according to FAO

WORLD - Global tea production and consumption will continue to increase over the next decade driven by rising demand in developing and emerging countries especially India and China which have seen accelerated growth, according to a May report by FAO. The report suggests the upward trend is attributable to a combination of higher incomes and…

AfDB to invest US$120 million to boost cassava and rice production

NIGERIA - The African Development Bank Group has revealed plans to invest US$120 million over the next two to three years in the production and transformation of cassava among other important commodities. As part of a strategy to achieve agricultural diversity, the funding will also boost production of maize, sorghum/millet, wheat, livestock, aquaculture, high iron…

Ghanaian Agribusiness company to invest US$5m in maize processing factory

GHANA - KEDAN Ltd, an agribusiness firm with activities in maize and soyabean is set to invest US$5 million by 2019 to increase daily production in a maize processing factory it recently inaugurated in Tumu, Ghana. The funds will be used in improving the company’s working capital for raw material aggregation, construction of silos, irrigation…

Former CBH CEO to join Australia’s consumer brand, SunRice

AUSTRALIA - Sun-Rice, the Australian consumer brand and trading name of Ricegrowers Limited is set to receive Andy Crane, former chief executive officer of CBH as additional external director. She will be elected to the board during SunRice’s annual general meeting (AGM) on September 20 According to WorldGrain, Crane has more than 30 years’ experience…