Global agric trade platform Covantis partners with blockchain company ConsenSys

SWITZERLAND – Covantis, the industry-wide initiative to modernize global agricultural trade, has partnered with ConsenSys, a market-leading Ethereum blockchain technology company. Covantis was introduced the founding members of the trade initiative; ADM, Bunge, Cargill, COFCO […]

Sime Darby Plantation offloads its Liberian oil palm business unit

LIBERIA – Sime Darby Plantation (SDP), a Malaysian oil palm planation company has completed the sale of its entire 100% equity interest in its palm oil concession in Liberia, Sime Darby Plantation Liberia Inc. (SDPL) […]

Merit Functional Foods receives investment to expand its disruptive plant protein technology

CANADA – Merit Functional Foods, in consortium with Pitura Seeds and The Winning Combination, has received a co-investment from Protein Industries Canada (PIC), to facilitate the rapid growth of the new company. PIC is an […]

Bunge divests its Brazilian margarine and mayonnaise assets

BRAZIL – Bunge Limited has agreed to sell its margarine and mayonnaise assets in Brazil to Seara Alimentos S.A., in a move that seeks to streamline the company’s operation in the country. The transaction includes […]

Unilever opens US$94m global Foods Innovation Centre in Netherlands

NETHERLANDS – Unilever has opened a new €85 million (US$94m) global Foods Innovation Centre on the campus of Wageningen University, located in the “Food Valley” area in the Netherlands. The new center, named ‘Hive’ for […]

Bidco Africa and Land O’Lakes commission US$12m upgraded animal feed plant

KENYA – Edible oils manufacturer, Bidco Africa, has teamed up with American conglomerate Land O’Lakes to invest KSh1.2 billion (US$12m) in the upgrade of an animal feed factory in Nakuru, Central Kenya. According to Business […]

China’s food processing giant COFCO offers to acquire Agri-Industries Holdings for US$1.1bn

CHINA – State-owned food processing holding company, COFCO has unveiled plans of privatizing its Hong Kong listed unit, China Agri-Industries Holdings as it looks to pursue a flexible development strategy. COFCO has tabled a HK$8.9 […]