Nigeria’s agriculture exports decline 11.5% to US$239.32m in three months

NIGERIA – Nigeria’s agricultural goods exports in the first quarter of 2019 dropped by 11.5% from US$270.45 million (N97.3bn) recorded in the fourth quarter of 2018 to 239.32 million (N86.1bn). According to data from the […]

South Africa’s maize supply to last until 2020 – says Agbiz

SOUTH AFRICA – The Agricultural Business Chamber of South Africa (Agbiz) says that the country has sufficient maize supplies to last until April 2020, despite declining production in some producing areas. According to Wandile Sihlobo, […]

Viterra introduces dynamic binning for barley to improve supply chain

CANADA – Canadian grain merchant Viterra is introducing dynamic binning for barley across its network for the 2019-20 harvest as part of the plan to improve efficiency in its supply chain. Growers will have the […]

Cargill’s revenues dip 1% as earnings suffer uncertain business environment

USA – Cargill’s full-year revenues decreased 1% to US$113.5 billion as uncertain global business environment slowed down earnings during the period. In the fiscal 2019 fourth quarter ended May 31, 2019, operating earnings were US$476 […]

French grain cooperatives form export alliance to boost export

FRANCE – France’s agricultural cooperatives dealing in grain have formed a new export alliance in a bid to improve their competitiveness in the overseas grain market, reports Reuters. The joint venture comprising of three of […]

ADM and Cargill agree to sell grain elevators in the US

USA – Multinational grain merchants, Cargill and Archer Daniels Midland Co. (ADM) have agreed to exchange ownership of some of their grain facilities in the US Midwest, a Reuters report reveals. The deal whose financial […]

Cargill to invest US$200m in diversifying starches portfolio to wheat

GERMANY – Cargill will invest US$200 million in diversification of starches and sweeteners portfolio at its Krefeld, Germany site to include production of wheat-based products. According to FoodIngredientsFirst, the processing facilities will focus on wheat […]

Ardent Mills acquires Oregon elevator to expand organic capabilities

USA – Ardent Mills has announced that it has acquired a grain elevator in Klamath Falls, Oregon, expanding its capabilities in organic and specialty grains in the market. The investment whose financial details were not […]

Tanzania Breweries commits to improving local barley productivity

TANZANIA – Tanzania Breweries Limited (TBL), a subsidiary of AB InBev, has pledged to support barley farmers while encouraging them to adopt modern technology and practices that will increase efficiency and productivity. Speaking during the […]

OECD-FAO Agriculture Outlook: Higher output to keep food prices low

FRANCE – Growth in agricultural output is expected to keep food prices low over the coming decade, according to an annual report by the Organisation for Economic Co-operation and Development and the UN’s Food and […]