Avocado farming booms as Kenyan farmers cash in from increasing European demand

KENYA – Farming and sale of avocado is proving to be profitable to Kenyan farmers as farmers are switching coffee and tea for avocados in a bid to profit from increasing European demand. According to News24, avocado toast is becoming a staple of European menus, as said by Laura Hannoun, a blogger who has listed…

Zambia maintains restrictions on wheat flour imports from SADC

ZAMBIA - Zambia is not expected to relax its rules on the importation of wheat flour from other Southern African Development Community (SADC) member states as it looks to protect the local industry and economy, according to an article on Lusaka Times. Speaking at the SADC 30th meeting of the committee of Ministers of Trade…

Uganda considers banning sugar exports to Kenya to address shortage

UGANDA - Uganda is planning to limit or ban sugar exports to Kenya in order to protect the local market that is facing supply shortfalls, an article in the Business Daily has revealed. Due to a sugar crisis in Kenya, local traders have rushed to seize the opportunity to import sugar across the border, something…

Maize prices drop 40% on increase in supplies

TANZANIA - Maize prices declined by an average of 40% for the last three months as a result of increase in supply, according to an article on the Citizen. According to data by the Ministry of Industry Trade and Investment, prices fell in many regions, a 100-kilo bag of maize dropping to US$17.99 on July…

Ukraine doubles grain shipments to China with 1m tons in exports

EUROPE - Ukraine through its grain firm, the State Food and Grain Corporation of Ukraine (SFGCU) shipped more than 1 million tonnes of grain to China in the MY 2017/18, more than double exported in the previous year, reports World Grain. According to SFGCU, 90% of the grains shipped to China National Complete Engineering Corp.…

Kenya sighs relief as COMESA extends safeguards on sugar imports for 2yrs

KENYA - The regional trade bloc, Common Market for Eastern and Southern Africa (COMESA) has approved an extension safeguarding Kenyan sugar industry from cheap imports from the region for two more years. According to Business Daily, the July 14 nod, granted by the bloc’s Council of Ministers in a meeting in Lusaka, Zambia protects Kenya…

Ethiopia’s oilseed sector expected to expand to meet growing demand

ETHIOPIA - Ethiopia’s production of oilseeds mainly sesame and soybeans is forecast to increase in the year 2018/19 basically as a result of growing demand for cooking oil and livestock feed, most notably soybean meal for poultry production, according to USDA’s June 14 GAIN report. Rise in production is expected to greatly contribute to the…

Kenya seeks to solve stalemate on dairy and oil exports to Zambia

KENYA - Kenya is expecting to host government officials from Zambia this month to deliberate on trading solutions including possibilities of exporting dairy and oil products to Zambia. Business Daily reported that although a consensus may be reached on oil products, dairy exports to the Southern Africa nation may remain strenuous due to differences in…

Egypt to import milled, paddy rice to meet market demand

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…

Zambeef reports 6% growth in revenues driven by macro-store demand

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…