Olam International reports 16% growth in H1 revenues despite market challenges

SINGAPORE – Olam International has reported a steady operating performance, recording 16% growth in revenues to US$ 11.47 billion in the first half of 2019, from US$9.86 billion recorded in a similar period last year. […]

USDA approves Cargill’s plant-based fish oil alternative for US cultivation

“With USDA deregulation, Cargill plans to advance the commercialization of its long-chain omega-3 canola trait in a tightly-managed closed loop supply chain.”

Nigeria to increase palm oil production 700% to 5m tonnes by 2027

NIGERIA – Nigeria has made bold steps towards becoming self-sufficient in edible oil production as it aims to increase palm production by 700 percent to 5 million tonnes by 2027. As part of the efforts, […]

Kenyan edible oil manufacturer Pwani Oil partners local varsity in research, training

KENYA – Pwani Oil, a Kenya based edible oils manufacturer has partnered with Technical Universities of Mombasa (TUM) to undertake joint research, training and mentorship programmes. Pwani Oil and TUM have signed a Memorandum of […]

Zimbabwe’s agricultural programme gets US$7.74m boost to increase productivity

ZIMBABWE – The government of Zimbabwe has earmarked US$7.74 million (ZW$2.8bn) for Command Agriculture aimed at boostimg maize and soybeans production during the 2019/20 summer cropping season. Command Agriculture is a government initiated programme that […]

Kenya to set up US$2.26m coconut processing plant in the coastal region

KENYA – Kenya will be investing US$2.26 million (226 million) in setting up a coconut processing plant in Mtwapa, Coastal region as part the efforts of revamping the coconut industry. The coconut factory will be […]

Ingredion increases investment in Verdient Foods to expands production capabilities

CANADA – Ingredion, Inc. has unveiled plans of increasing its investment in Canada-based Verdient Foods to US$185 million from US$140 million by the end of 2020. The investment in Verdient Foods, a joint venture it […]

Nigeria’s Tamaidukka Group to invest US$25m in agro allied industrial park

NIGERIA – Tamaidukka Group, a Nigerian diversified investment company with intrests in agro-industry and real estate development will be investing US$25 million in developing an agro-based industrial park in Kaduna State. The company said that […]

International Grains Council appoints Nathalie Dubé as new Chairman

ENGLAND – The International Grains Council (IGC) has announced that it has appointed Nathalie Dubé, Minister-Counsellor, High Commission of Canada, as its chairperson for 2019-20. During its tenure, Canada is particularly interested in working with […]

ADM names new President of North America Flour Milling

USA – The global agribusiness giant, Archer Daniels Midland Company has named Kevin Like president, North America Flour Milling. In this role, he will oversee all aspects of the company’s flour milling businesses in the […]