Motif Ingredients partners Givaudan’s new innovative platform MISTA

USA – Motif Ingredients, a food science and technology company owned by biotech unicorn Ginkgo Bioworks has been selected as one of the 20 start-ups to partner with MISTA, Givaudan’s new innovative platform. MISTA is an accelerator and incubator programme launched in 2018 to enable start-ups and established corporations to optimise ideas, products, people and…

2 Sisters to invest in UK Poultry and Fox’s Biscuits businesses

UK – 2 Sisters Group has announced that it is making further investments in its UK Poultry and Fox’s Biscuits businesses in an effort to drive efficiency and accelerate business transformation. The company is also considering reducing the number of its UK Poultry sites to simplify its business operations across the supply chain while delivering…

Multivac invests US$19.6m in German meat portioning facility

GERMANY – Multivac Group, leading food packaging solutions provider is investing US$19.6 million (17.5m euros) to build a new meat portioning equipment facility at the Bruckmühl, Germany factory. The Germany factory is owned by its TVI Entwicklung und Produktion unit and construction is expected to complete in May 2020. The state-of-the-art complex sits on around…

Zimbabwean government unveils new boards for key agriculture parastatals

ZIMBABWE – The government of Zimbabwe has unveiled new board members across major agriculture parastatals in the country under the ongoing restructuring. This follows the approval of the head of state, President Mnangagwa, to dissolve entire boards and appoint new board members of the Cold Storage Commission (CSC) and Grain Marketing Board (GMB) among other…

Quantum Foods half year profits plunge 51% despite growth in revenues

SOUTH AFRICA - Quantum Foods, South African animal feeds and poultry producer, has reported 51% decline in operating profit to R121m during the six months to end March 2019 attributed to economic pressure on both divisions. Quantum said that the decline in performance was largely affected by rising raw material costs for its animal feed…

Listeriosis crisis impacts on Tiger Brands performance as revenues decline

SOUTH AFRICA - Tiger Brands, a South African packaged food company, has reported a decline in profits in the six months to end-March following the 2018 listeriosis outbreak that has negatively impacted the performance of its meat business. The food producer said that processed meats business plunged 79% to US$14.74 million (R213m) while revenues from…

Nigeria’s Kews Garden launches Mackerel Butter, eyes export market

NIGERIA – Kews Garden Limited, a Nigerian fishing company, has launched a new fish product under the brand ‘Mackerel Butter’ amid its plans to export fish and fish products into the international market. Speaking during the launch of the product Mrs Nnenna Anekwe said that the firm has concluded plans to begin the export of…

Zimbabwe’s poultry sector recorded 19% decline in output in first quarter

ZIMBABWE – The poultry industry in Zimbabwe recorded a 19% decline in output during the first quarter of the year attributed to a decline in demand and supply in the sector. Zimbabwe Poultry Association (ZPA) chairperson, Solomon Zawe, said that during the period under review, the sector witnessed high cost of feeds forecasting similar conditions…

Cold Storage Company enters into a US$130m joint venture with UK’s Boulstead Beef

ZIMBABWE – Zimbabwe’s cabinet has approved a joint venture between the Cold Storage Company (CSC) and a United Kingdom firm, Boulstead Beef (Pvt) Limited, which will see the investor inject US$130 million into the meat processing firm. Monica Mutsvangwa, Information, Publicity and Broadcasting Services Minister, revealed that the agreement will also enable the meat processor…

Cargill invests in Israeli startup Aleph Farms to underpin protein focus

ASIA – Cargill is investing in Israeli cultured meat company, Aleph Farms which has raised US$11.65 million in a series A round of funding. According to Cargill, the investment diversifies its protein interests to meet future consumer demand and complements its focus on animal protein. The round was led by VisVires New Protein and also…