India’s food delivery startup FreshToHome raises US$11m funding

INDIA – Bengaluru-based fresh fish and meat delivery startup FreshToHome has raised US$11 million (₹76 crore) led by Hong Kong-based CE Ventures to fund its expansion into more cities and strengthen supply chain. Others participating in the Series A round of funding included Das Capital, Kortschak Investments, TTCER Partners and some other Asian and Silicon Valley investors. With the investment, the startup said it aims to expand its operations into other cities including Mumbai and Pune. FreshToHome manages the entire cold chain of fish delivery, with a majority of the…

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Ghana Commodity Exchange signs pact with Taft Group to boost operations

GHANA – The Ghana Commodity Exchange (GCX) has signed a Memorandum of Understanding (MoU) with Taft Group of companies, led by Taft Capital, that seeks to improve operations in the commodity exchange platform. According to a GhanaWeb report, the agreement seeks to provide the exchange with innovative solutions through integrating information technology, enhancing access to markets, warehousing, logistics, and funding. The MoU will see the two organisations collaborating to enhance the performance of the commodity value chain in Ghana with an overall aim of transfroming the country’s agriculture sector. Taft,…

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Zimbabwe grain millers embark on countrywide price monitoring initiative

ZIMBABWE – The Grain Millers Association of Zimbabwe (GMAZ) has embarked on a countrywide price monitoring initiative that seeks to eradicate unwarranted price increases on major commodities across the retail market in the country. GMAZ, which constitutes of basic commodities producers such as as maize meal, salt, rice and flour, will engage retailers and wholesalers in the country through the self–regulatory initiative with an aim of promoting responsible pricing. Mr Alvin Muparutsa, GMAZ head of ethics and compliance committee, said that the millers have also partnered with the Confederation of…

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Barry Callebaut, Cameroon intensify collaboration to boost cocoa supply

CAMEROON – Barry Callebaut, a global chocolate and cocoa products manufacturer, and Cameroon have signed a letter of intent to intensify the cooperation on sustainable cocoa farming in the country. The chocolate manufacturer will particularly focus on the New Generation program initiated by the Cameroon Cocoa and Coffee Interprofessional Council (CICC) that seeks to support young famers investments in the cocoa value chain. The program seeks to support the next generation of cocoa farmers by establishing access to family farm plots, training, inputs, financing and equipment acquisition. In addition, the…

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Nestlé unveils three year program to boost coffee production in Kenya

KENYA – Nestlé Kenya has unveiled a Sh23 million (US$230,000) program that seeks to boost coffee production in the Central and Western regions of the country. Njeru Ng’entu, Nestl East Africa Managing Director, said that the three year program, which will be implemented under the Nescafe Plan, will help in training and offering technical support to coffee farmers in the country. Speaking at Kimama Farmers’ Cooperative Society in Cheptais, Western Kenya, Ng’entu said that the third phase of the project dubbed Coffee by Women is expected to reach close to…

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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 investments in the food and beverage industry. Other founding members of MISTA are Danone, Mars Inc. and Ingredion Inc. It aims to bring all aspects of the food system together to address global challenges. Motif,…

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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 9,000 square metres of available space and will include an office building and Customer Center. It will also feature a production hall for pre-fabrication and assembly areas for the production of equipment, as well as…

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Government commissions fruit processing factory under industrialization initiative

GHANA – The Ghanaian Government has commissioned an avocado processing factory in Akuapem under government’s One-District-One-Factory industrialization initiative. The Akuapem Gold Agro Processing Limited has a capacity to process six to eight tons of avocado per hour, which also integrates 200 acres of land to support consistent fruit supply. Speaking during the inauguration ceremony, Albert Wilson, chairman of company said that the firm is looking forward to scale up operations by increasing acreage to 10,000 acres in the next five years. Dr Owusu Afriyie Akoto, the Minister for Food and…

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Fonterra considers sale of stake in Brazilian joint venture, to close Australian facility

USA – New Zealand dairy giant, Fonterra has announced that it has reached an agreement with Nestle for potential sale of respective stakes in their Dairy Partners Americas (DPA) Brasil joint venture. Fonterra has also unveiled plans to close its Dennington site in Australia, a move it says is part of its new strategic direction- “prioritizing our New Zealand milk supply and simplifying our global portfolio”. Fonterra says the Australian Ingredients business continues to feel the impact of the drought and excess manufacturing capacity. “This is not a one-off for…

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UK government to ban plastic straws, stirrers from April 2020

UK – The UK government has announced a ban on plastic straws, stirrers, and cotton buds across England, which will take effect starting April 2020. The ban which has received overwhelming support from the public, will include exemptions to ensure that those with medical needs or a disability are able to continue to access plastic straws. An open consultation launched earlier revealed that over 80% of respondents back a ban on the distribution and sale of plastic straws, 90% a ban on drinks stirrers, and 89% a ban on cotton…

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