Olam International revises acquisition of Dangote Flour Mills, offers US$331m

NIGERIA – Olam International Limited, multinational food and agribusiness company, has tabled a fresh US$331 million (N120bn) offer to take over Dangote Flour Mills (DFM) Plc, down from the US$361 million it had initially announced. […]

Kenyan animal feed manufacturers to import 2.5m bags of maize to ease shortage

KENYA – The government of Kenya has approved importation of 2.5 million bags of yellow maize by animal feed manufactures to ease pressure in the sector. This decision follows a consultative meeting held between animal […]

Saudi Arabia outlines next phase of flour mills privatization

SAUDI ARABIA – Saudi Grains Organization (SAGO), the state grain buyer has stated that it will begin the next phase of the sale of its flour mills within days in a privatization move. According to […]

Cargill’s new initiative to reduce greenhouse gases across beef supply chain

USA – Cargill has launched BeefUp Sustainability, an initiative committed to achieving a 30% greenhouse gas (GHG) intensity reduction across its North American beef supply chain by 2030. The initiative will focus on four areas: […]

ADM names new President of North America Flour Milling

USA – The global agribusiness giant, Archer Daniels Midland Company has named Kevin Like president, North America Flour Milling. In this role, he will oversee all aspects of the company’s flour milling businesses in the […]

BASF joins the International Wheat Genome Sequencing Consortium

GERMANY – German chemical and agribusiness company, BASF has joined the International Wheat Genome Sequencing Consortium (IWGSC) as a sponsoring partner. As a sponsor, BASF will participate in IWGSC-led projects and activities including development of […]

Kenya halts maize imports plans from Mexico, turns to regional market

KENYA – The Ministry of Agriculture in Kenya has halted importation of 11.1 million bags of maize from Mexico and will instead be importing the commodity from Common Market for Eastern and Southern Africa (COMESA) […]

Bunge and BP to create biofuels joint venture in Brazil

BRAZIL – Agribusiness giant, Bunge Limited and BP Plc have agreed to create a new biofuels joint venture in Brazil, one of the world’s largest fast-growing markets for biofuels. The 50:50 JV will create a […]

Bunge Loders Croklaan opens new edible oils facility in China

CHINA – Bunge-owned edible oils business, Bunge Loders Croklaan (BLC) has inaugurated a new edible oils processing facility in Xiamen, China. The facility expands BLC’s capability to deliver plant-based specialty oils and fats ingredients for […]

Flour Mills of Nigeria full year revenues decline 3.37% to US$1.45bn

NIGERIA – Flour Mills of Nigeria Plc, one Nigeria’s leading integrated food and agro-allied company, reported a 3.37% decline in revenue to US$1.45 billion (N524.41bn) for the year ended March 31, 2019 from  US$1.51 billion in […]