Zimbabwe millers to venture into wheat farming for raw materials sourcing

ZIMBABWE -  Zimbabwe has asked grain millers to venture into wheat farming as remedy to enhance raw materials supply for their milling operations, given forex currency shortage challenges in the country. According to the IOL Business, Zimbabwe’s cabinet has agreed to finance a decision posited by Finance Minister Mthuli Ncube to have wheat millers venture…

Kenya’s sugar production increases by 45% on increased supply

KENYA – Kenya’s sugar production has increased by 45% in the past nine months due to increased supply of sugarcane by farmers to sugar processing plants, according to a monthly report by the Sugar Directorate. The quantities produced have increased from 284,036 last year to 411,567 tonnes between the months of January and October this…

Zambia launches SADC harmonized certified-seed regulatory system

ZAMBIA – The government of Zambia has launched the Southern African Development Community (SADC) seed certification and harmonized seed regulation system, reports Lusaka Times. This puts Zambia in a position to produce and trade certified seeds in the SADC region and ensures availability of high quality seed to farmers through rationalizing and removing national regulatory…

Cargill India appoints Simon George as new President

INDIA – The American agricultural major, Cargill has appointed Simon George, as the new President of its Indian business to succeed Siraj Chaudhry who stepped down as Chairman and Cargill’s country representative. Simon was Managing Director for starches and sweeteners division in the country and brings in 30 years’ experience from the industry that is,…

Cargill upbeats investment, farmer support as it marks 10 years in Ghana

GHANA – The global agricultural corporation, Cargill has announced plans for future investment in the chocolate business and support for cocoa farmers as it celebrates its 10th anniversary in Ghana. The company is also toasting to mark a decade of sustainability and innovation in the Ghana cocoa chain through its unique business model. Under its…

Ghana launches US$2.4m national rice initiative for self-sufficiency

GHANA – The Ministry of Food and Agriculture (MOFA) has launched a US$2.4 million national rice Initiative with an aim to reduce over-reliance on imports and enhance the country’s rice self-sufficiency, reports Ghanaian Times. Referred to as Public-Private Partnership for Competitive and Inclusive Rice Value Chain Development: Planting for Food and Jobs-Rice Chapter, the initiative…

Uganda development agency to open sugar and fruit processing plants

UGANDA - The Uganda Development Corporation (UDC) is set to see the commissioning of Soroti Fruit Factory and Atiak Sugar Factory following the continued investment into the country’s agricultural chain. According to the Monitor, farmers in Soroti have embarked into fruit farming in order to supply the US$12.9 million worth factory upon completion. Amelia Kyambadde,…

GrainCorp receives US$2.4b buyout offer from Long-Term Asset Partners

AUSTRALIA – GrainCorp, Australia’s leading grain and commodities trading company has received a US$2.4 billion buyout offer from Long-Term Asset Partners Pty Ltd (LTAP). The indicative offer involves control of 100% of the shares in GrainCorp for cash consideration of US$10.42 per share. According to GrainCorp Board, the proposal is subject to a number of…

US and China ease tariff war with a ‘90-days ceasefire’ period

USA – China and the United States of America have agreed to ease their stances in a bid to avoid escalation of tariff war that has since negatively impacted the nations’ agricultural and other trade. Following the meeting between U.S. President Donald Trump and Chinese President Xi Jinping, the two leaders agreed to withdraw some…

RiceBran completes acquisition of Golden Ridge for US$7.8 million

USA - Specialty ingredient company, RiceBran Technologies has announced that it has completed the acquisition of the assets and operations of Golden Ridge Rice Mills at a consideration of approximately US$7.8 million. The transaction also includes Golden Ridge’s milling and rice bran stabilization facility in Wynne, Arkansas, U.S. The Company expects Golden Ridge to add…