EGYPT - The government of Egypt has announced the decision to import milled and paddy rice to increase supply of the commodity as well as prevent potential price shock to consumers. A June 13 USDA report indicated that grain hoarding, which resulted in the decline in the volume of rice being offered to the country’s…
ZAMBIA - Zambeef Products Ltd has reported 6% growth in revenue driven by increasing volumes and improving margins in the core divisions namely Retail & Cold Chain Food Products, and Stockfeed for the first half of the financial year ended 31 March 2018. Profit after tax increased more than three-fold to US$2.25 million as compared…
NAMIBIA - Namibia has opened its market to processed and unprocessed poultry meat and poultry products from the United States, according to USDA’s GAIN June 1, 2018 report. The country will import US poultry products from establishments approved for export by USDA’s Food Safety and Inspection Service (FSIS). While Namibia imported 29,500 tonnes of broiler…
ZIMBABWE - Pure Oil Industries, maker of the renowned vegetable cooking oil brand Zimgold has announced plans to inaugurate state-of-the-art facility for bakers’ fat and margarine in June. The Herald reported the oil manufacturer aims at becoming an integrated oil extraction and processing company as well as a one stop manufacturing company for cooking oil,…
ITALY - Global pasta consumption is on the rise from the positive trends in global pasta sales which rose 0.6% in 2017 attributable to increased awareness on healthy diets and wellness, according to data from the Nielsen Co. Based on a report by the International Pasta Organization (IPO), this trend is expected to continue influenced…
UGANDA - The Eastern Africa Grain Council (EAGC) has unveiled nine product standards for staple foods that fall under grains category with an aim to boost and increase grain trade between Uganda and other East African countries. According to an article in the East African Business Week, the standards will play a critical role in…
UKRAINE - Ukraine’s soybean production is set to fall 14% to 3.3 million tonnes despite higher expected yields than the five-year average, according to USDA’s Global Agricultural Information Network (GAIN) May 16 report. Soybean planted area for the coming crop year is forecast at around 1.5 million hectares, a 23% decline from 2017-18. While Sunflower…
USA - Bunge Ltd, multinational food and agribusiness company is considering exporting US soybeans to Argentina and the move would be ratified depending on the margins. The plans were revealed by Soren W. Schroder, chief executive officer of Bunge at an investor event in New York adding that they look forward to bumping up soybean…
MOROCCO - The Board of Directors of the African Development Bank, Côte d’Ivoire’s multilateral development finance institution has approved US$236 million loan for Agricultural development in Morocco. The funding will finance the Program for Supporting the Inclusive and Sustainable Development of Agricultural Value Chains (PADIDFA) while reinforcing sustainable job creation. The program aims to support…
TANZANIA - Tanzania has imposed a 25% import duty on Kenyan firms in confectionery business citing use of imported zero-rated industrial sugar in the goods. TheEastAfrican has reported that Tanzania has refused to allow duty-free entry of Kenyan-made confectionery, juice, ice cream and chewing gum products into the country despite talks. The levy was imposed…
