US exports of feed grains set new record at 120 MMT led by corn

USA - The United States exports of feed grains and co-products for the 2017/2018 marketing year reached 120 million metric tonnes led by higher corn shipments, setting a new record for the second year in a row. According to the U.S. Grains Council, the year’s exports increased 6% (6.5 million tons) above last year’s record,…

IRRI to receive US$1.4m a year funding from Crop Trust to conserve rice varieties

SINGAPORE - The International Rice Research Institute (IRRI) is set to receive US$1.4 million worth of funding from non-profit organization, Crop Trust in a partnership to ensure conservation and sharing of 136,000 varieties worldwide. The seeds, stored at IRRI’s high-tech facility in Los Baños, Philippines, will be used by scientists worldwide to develop improved rice…

Government starts process to sell KWAL, Agrochemical stakes in privatization move

KENYA - The government is seeking to sell its stake in companies such as Kenya Wine Agencies Ltd (Kwal), Kenya Meat Commission (KMC) and Agrochemical and Food Corporation (ACFC) in a deal to render them private. The Privatisation Commission which is seeking consultants on the sale-off, will oversee the process that hopes to unlock billions…

AB InBev partners Accenture to boost sales and distribution in Africa

AFRICA - The world’s largest brewer, AB InBev has entered into an agreement with a leading global professional services company, Accenture to boost its sales and distribution operations on the continent, reports MarketWatch. The three-year contract will see the implementation of the Accenture NewsPage Distributor Management System (DMS), a distributor management and sales force automation…

Kroger and Home Chef meals roll out in-store meal kits in select locations

USA – Kroger, an American retailing company, and meal kit and food delivery company Home Chef, have announced the launch of weekly rotating in-store meal kits at Kroger Family of Stores in select locations. According to the company, it will roll out a limited market test of the new Home Chef Express product, a quick-cook…

Dixie Vodka partners with Savannah Bee Company to launch honey-flavoured vodka

USA - Dixie Vodka, an all-American craft vodka, has announced its most recent flavor innovation in a regional collaboration with Savannah Bee Company: Dixie Wildflower Honey Vodka. According to the company, its newest product uses SBC's Georgia Wildflower Honey infused in Dixie's award-winning Dixie Southern Vodka, 6x distilled from non-GMO corn. The result is a…

Yum! Brands promotes Vipul Chawla to President of Pizza Hut International

USA - Yum! Brands, Inc., an American fast food company, has announced the promotion of Vipul Chawla, 50, to President of Pizza Hut International, reporting to Yum! Brands Chief Executive Officer Greg Creed, effective December 3, 2018. Chawla, who currently serves as Managing Director of Pizza Hut Asia-Pacific, will assume responsibility for driving the brand…

Foodpanda aims 500,000 partners by 2020 to expand delivery network

INDIA - German based mobile food delivery marketplace, Foodpanda has added 60,000 delivery partners to its network in five weeks and targets 500,000 partners by 2020. According to Times of India, is further looking to add another 60,000 delivery partners in the next two months, to keep its growth and expansion plans on track. As…

Solidaridad implements initiative to boost cocoa and palm oil production

SIERRA LEONE - The social and ecological development network Solidaridad is working on two projects with an aim of improving cocoa and palm oil production in Sierra Leone. According to the Concord, the successful implementation of phase two of the Sustainable West African Palm Oil Programme (SWAPP) and the Cocoa Rehabilitation and Intensification Programme (CORIP)…

Pioneer Foods investor Zeder posts 158% growth in earnings

SOUTH AFRICA - Agribusiness and food-focused investment group Zeder has posted 158% increase in recurring headline earnings per share to 9.8 cents due to strong recovery in earnings from most of its investee companies. Zeder has a 27% stake in the South African packaged goods company, Pioneer Foods, representing 49.1% of its entire portfolio. Its…