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 […]

EU lowers the maximum residue level for several pesticides allowable on horticultural imports from Kenya

KENYA – The European Union (EU) has reviewed its policy on the maximum residue levels (MRLs) for several pesticides allowed on horticulture imports from Kenya by lowering the permissible limits. According to an update by […]

Pick n Pay to launch 150 new products an addition to its Livewell brand

SOUTH AFRICA – Pick n Pay, supermarket chain store in South Africa is set to launch 150 new health products before the end of January 2020, an addition to its 330 PnP Livewell products range. […]

Del Monte Foods expands its College Inn brand with new seasoned meal-starter

USA – College Inn, a broths and stocks brand under Del Monte Foods, has launched its latest innovation, Simple Starter, a seasoned meal-starter made of stock, herbs and seasonings for one-pot meals. According to the […]

Consumer goods company ITC to invest US$67m in a new food processing site in India

INDIA – Indian multinational conglomerate company, ITC will be investing US$67.53 million (Rs 700 crore) in setting up a new food processing facility in Madhya Pradesh, central India. Speaking during a recent investor summit in […]

German retailer Lidl to spend US$19bn on its UK business over the next five years

UK – German retailer, Lidl has announced that it will be spending £15 billion (US$19.34 billion) on its British business over the next five years, commiting to increase sales of local meat, poultry and fresh […]