Plukon acquires majority stake in Staay Food’s vegetables and convenience business

NETHERLANDS – Plukon Food Group has agreed to acquire 51% stake in Fresh Care Convenience, a producer and processor fruit and vegetables owned by its Dutch peer, Staay Food Group. Based in Dronten, the Netherlands, […]

LG Electronics develops first automated indoor vegetable cultivator

USA – LG Electronics USA, subsidiary of the South Korea-headquartered technology company, has developed an indoor gardening appliance as its forays into the booming indoor gardening movement. The revolutionary built-in column-style indoor gardening appliance uses […]

Uganda Industrial Research Institute opens new fruit processing facility

UGANDA – The Uganda Industrial Research Institute (UIRI) a parastatal company wholly owned by the government of Uganda has commissioned the Nyakihanga Fruit Processing Facility worth UGX 1.4bn (US$380,000), aimed to add value through production […]

Singapore agrifood supply chain startup DiMuto secures funding from SGInnovate

SINGAPORE – DiMuto, a Singapore-based supply chain platform has raised an undisclosed amount of investment from government-owned venture firm, SGInnovate to help drive its expansion into new overseas markets. Founded by Gary Loh, DiMuto creates […]

Olam sells permanent water rights in Australia to PSP Investments for US$332m

AUSTRALIA – Olam Orchards Australia (OOA) has entered into an agreement with Public Sector Pension Investment Board (PSP Investments) to sell 89,085 megalitres of its permanent water rights in Australia for A$490 million (US$332.5m). In […]

Olam International to offload its US onion and garlic real estate assets for US$110.3m

SINGAPORE – Global food and agri-business, Olam International through its wholly owned subsidiary, Olam West Coast Inc., has entered into an agreement to sell the real estate assets of its onion and garlic processing facility […]