Promasidor Nigeria launches Sun Vita cereal in the market to expand portfolio

NIGERIA – Consumer goods manufacturer, Promasidor Nigeria has introduced a zip-lock packaged ready-to-go cereal Sun Vita, expanding its range cereals in the market. According to the company, the new range is suited for mothers and others working on tight schedules as it is easy to prepare to meet their daily health and nutritional requirements. SunVita…

Argentina soybean imports rise on low production estimated at 56M Tons

USA – Soybean imports in Argentina continue to rise with production estimated to be slightly lower at 50 million tons in 2018/19 as a result of the recent drought faced in the country. According to a Dec. 4 Global Agricultural Information Network (GAIN) report from the U.S.Department of Agriculture, Argentina has imported more than 3.5…

Zimbabwe’s biggest flour miller National Foods to close down mills

ZIMBABWE – National Foods, Zimbabwe’s leading flour and food producer has announced that it plans to shut down its flour mills blamed on impeding foreign currency shortages in the country, according to ANA report. The Harare based food company had written to its customers indicating the intention to close down its flour processing factories in…

Ghana launches US$2.4m national rice initiative for self-sufficiency

GHANA – The Ministry of Food and Agriculture (MOFA) has launched a US$2.4 million national rice Initiative with an aim to reduce over-reliance on imports and enhance the country’s rice self-sufficiency, reports Ghanaian Times. Referred to as Public-Private Partnership for Competitive and Inclusive Rice Value Chain Development: Planting for Food and Jobs-Rice Chapter, the initiative…

GrainCorp receives US$2.4b buyout offer from Long-Term Asset Partners

AUSTRALIA – GrainCorp, Australia’s leading grain and commodities trading company has received a US$2.4 billion buyout offer from Long-Term Asset Partners Pty Ltd (LTAP). The indicative offer involves control of 100% of the shares in GrainCorp for cash consideration of US$10.42 per share. According to GrainCorp Board, the proposal is subject to a number of…

Uganda approves safe development of genetically engineered foods

UGANDA - Uganda’s parliament has passed the Genetically Engineering Regulatory Bill, 2018 which aims at providing a regulatory framework for the safe development and application of biotechnology and release of genetically modified organisms (GMOs), reports The Observer. According to the Committee on Science and Technology through its Vice Chairperson, Hon. Lawrence Akugizibwe, the new bill…

Cargill to invest US$235m in 2 years in Philippines to grow business

ASIA – Cargill has said that it has lined up US$235 million (PHP 12.5 billion) in growing its business in the Philippines in the next 2 years. The company said this is poised to help meet increased domestic demand for chicken and pork, as well as delivering solutions in key areas of the global agricultural…

Government of India makes jute packaging mandatory for all food grains

INDIA – The Indian government has approved a proposal making jute packaging mandatory for all food grains, a move that aims to enhance quality and productivity of both the grains and jute bags, reports Times of India. The Cabinet Committee on Economic Affairs (CCEA) approved that 100 % of the food grains and 20% of…

TradeMark East Africa to invest US$2.4m in Rwanda to boost meat, cereals export

RWANDA – TradeMark East Africa (TMEA) has announced that it will be investing US$2.4 million (Rwf2.1 billion) in Rwanda to boost export sector including fruits, vegetables, roots and tubers, legumes and cereals, meat, eggs and dairy. The proceeds will go into facilitating local business to raise the capacity to produce products that meet international standards…

US wheat and corn to increase while soybean is projected to fall in 2019

USA – United States is projected to record an increase in both the number of acres and harvests of corn and wheat while soybean acres are expected to fall in the year 2019, according to U.S. Department of Agriculture’s outlook to 2028. The report suggests that after 2019, heat acres will decline and then flatten…