Nigeria to increase palm oil production 700% to 5m tonnes by 2027

NIGERIA – Nigeria has made bold steps towards becoming self-sufficient in edible oil production as it aims to increase palm production by 700 percent to 5 million tonnes by 2027. As part of the efforts, […]

Nigeria’s Tamaidukka Group to invest US$25m in agro allied industrial park

NIGERIA – Tamaidukka Group, a Nigerian diversified investment company with intrests in agro-industry and real estate development will be investing US$25 million in developing an agro-based industrial park in Kaduna State. The company said that […]

International Grains Council appoints Nathalie Dubé as new Chairman

ENGLAND – The International Grains Council (IGC) has announced that it has appointed Nathalie Dubé, Minister-Counsellor, High Commission of Canada, as its chairperson for 2019-20. During its tenure, Canada is particularly interested in working with […]

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 […]

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 […]

RSPO tightens standards to enhance palm oil sustainability

AFRICA – The Roundtable on Sustainable Palm Oil (RSPO), a palm oil industry watchdog, has introduced tougher rules to its members in the industry as it seeks to make the edible oil ‘greener’. RSPO says […]

Surface Wilmar to support soya bean out grower schemes in Zimbabwe

ZIMBABWE – Surface Wilmar, one of Zimbabwe’s leading edible oil manufacturers, has said that it has the capacity to finance local soya bean out-grower schemes to bolster production. Wilmar seeks to increase soybean production capacity […]

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 […]

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 […]