Rwandan DSM’s venture, AIF nominated for Global Award

RWANDA - The Rwandan fortified food factory, Africa Improved Foods (AIF), has been nominated as a finalist to the 2018 World Changing Ideas Awards (WCIA), in the food category, reports KT Press. WCIA, now in its second year, celebrates businesses, policies, and non-profits that are poised to help shift society to a more sustainable and…

Investors to pump US$693.7m in Nigeria rice production

NIGERIA - Investors in the Nigerian rice industry are planning to invest about US$693.7 million to enhance domestic production and save on importation costs the country has always incurred. The Guardian Nigeria reports that the announcement was made by the Minister of Agriculture Audi Ogbeh during a Rice Conference organised by Agro Nigeria. This is…

SGS acquires Oleotest as it expands its reach in Belgium

BELGIUM - SGS SA, the Geneva-based multinational company that provides inspection, verification, testing and certification services has acquired Oleotest NV based in Belgium for an undisclosed sum. Oleotest NV, founded in 1959 in Antwerp, provides chemical testing services in food, feed and agricultural commodities. According to SGS, the company which has a lab that is…

Tanzania’s rice imports from Pakistan climbs 20% higher

TANZANIA - Tanzania’s has recorded a 20% increase in rice imports from Pakistan valued at US$29.6 million between July and December 2017, based on a report by Smart Money. Tanzania tops the list of importers from Pakistan, the world’s fourth largest producer of rice exporting long grain white rice, parboiled rice, broken rice, irri6 rice,…

Cargill sells Canadian assets to agri-food cooperative, La Coop federee

CANADA - Cargill has announced that through its Winnipeg-based Canadian arm, it has agreed to sell its grain and crop input assets in Ontario to an agri-food company, La Coop federee. The Amierican commodities conglomerate will sell 13 grain assets and crop inputs retail assets to La Coop, whose operations involve seeds, fertilizers, and crop…

ADM restructures to accelerate growth as grains industry faces headwinds

USA - ADM is planning to realign its business for a second time in three years even as it battles falling grain margins, by forming new segments to enhance agility, drive innovation and align business operations. The company has realigned its business into four units including Carbohydrate Solutions, Nutrition, Oilseeds and Origination. with new formed…

Cargill to open new warehousing and distribution centre in Texas

USA - Cargill Protein, the meat solutions category of Cargill said the company has improved its capacity and supply chain capacity by centralizing its regional warehousing in Texas. The hub targets to serve retail, foodservice and food ingredients customers, bringing together logistics from San Antonio, Texas, and Oklahoma City, Okla., operations. Cargill said that they…

Wilmar’s 25% increase in net profit, pushed higher by oilseeds and grains

SINGAPORE - Asia’s leading agribusiness group, Wilmar International’s profits have jumped to US$1.2 billion, 25% up from US$972.2 million in the same period in 2016, thanks to strong performance in the oilseeds and grains sector. The revenue for the year improved by 5.9% to US$43.84 billion; attributed by its wide portfolio of high quality agri-products.…