SpaceBakery project secures US$6.93m in funding to support research

BELGUIM – The SpaceBakery project, a unique consortium composed of seven Belgian organisations has secured a total of €6.3m (US$6.93m) in funding to support the project’s research on finding sustainable food production technologies. Led Puratos, […]

Asia requires an additional US$800bn investment to achieve food security, new report says

ASIA – To grow Asia’s food and agricultural industry into a sustainable size and ensure the region reaches a point where it can feed itself, an additional US$800 billion investment is required in the region. […]

IRRI develops sustainable agricultural technologies to bolster production in Asia

ASIA – The International Rice Research Institute (IRRI) and the Asian Development Bank (ADB) are pursuing ways to increase investment for sustainable agricultural technologies. IRRI and ADB have completed a technical assistance project to help […]

Canadian agri-food company secures US$229m funding to support expansion

CANADA – La Coop Fédérée, a Canadian agri-food business has secured CAD 300 million ($229.1 million) in funding from four investors to support the company’s expansion strategy. The company said the proceeds from the subscription […]

FAO joins forces with World Union of Wholesale Markets to tackle food waste

ITALY – The Food and Agriculture Organization (FAO) and World Union of Wholesale Markets (WUWM) have agreed to renew and strengthen their partnership with an eye to globally reducing food loss and waste. The WUWM […]

Cargill plans US$225m investment to expand its Sidney soybean processing facility

USA – Multinational agribusiness company, Cargill is planning to invest US$225 million at its soybean crush and refined oils facility in Sidney, Ohio to modernize its operations and expand the facility’s crush capacity. Cargill said that […]

China to intensify international cooperation to enhance food security

CHINA – China will be intensifying international cooperation with other countries to jointly enhance global food security as well as continue to expand and diversify sources of food imports to balance its own food security. […]

National Milling Corporation opens US$37.5m milling plant in Zambia

ZAMBIA – The National Milling Corporation, an affiliate of American agribusiness and transport conglomerate, Seaboard Corporation has commissioned a new US$37.5million milling plant Lusaka, Zambia. Installed by the Swiss milling equipment supplier, Buhler, the ultra-modern […]

USDA reduces United States’ corn and soybean production forecasts to five-year low

USA – The U.S. Department of Agriculture in a recent report placed the projected production of corn in the Unites States at 13.779 billion bushels, down by 19.816 million bushels from the September forecast. In […]

AGCO partners with the Benin government in establishing a new Agri-Park project

BENIN – AGCO a worldwide manufacturer and distributor of agricultural equipment and solutions has signed a Memorandum of Understanding (MOU) with the investment arm of Benin, the Agency for Promotion of Investments and Exports (APIEX), […]