Reserve Bank releases US$20m for 200,000 tons of wheat imports

ZIMBABWE - The Reserve Bank of Zimbabwe (RBZ) has released US$20 million for importation of wheat from Canada and Germany to supplement the insufficient national wheat stocks. This was as requested by millers following poor harvest in the drought-hit southern African country. The amount will be used to pay for 200,000 tonnes of wheat procured…

IFC invests US$25m in KazFoodProducts food processing group

ASIA - The International Finance Corporation (IFC), a member of the World Bank Group is investing US$25 million in KazFoodProducts LLP food processing group of companies operating in grain milling and confectionary sectors. The investment aims at supporting the company’s expansion plans, boost Kazakhstan agricultural sector through diversification strategies as well as enhancing global food…

Pioneer Foods’ division Bokomo upgrades milling plant for increased efficiencies

BOTSWANA - Bokomo Foods, a breakfast cereals company and division of Pioneer Foods (Pty) Ltd has unveiled an extensive mill upgrade which it had been undertaking since the first quarter of 2018, reported Botswana Daily News. According to the company’s CEO Mr Werner De Beer, the upgrade was a first of its kind in the…

South Korea and Japan halts ‘genetically modified’ wheat imports from Canada

SOUTH KOREA - South Korea has announced that it has suspended wheat and flour imports from Canada after the Canadian Food Inspection Agency (CFIA) announced that it had discovered genetically modified (GM) wheat in southern Alberta. On June 15, Japan temporarily halted imports of Canadian wheat saying it was reviewing tests that Canadian officials had…

Genetically modified wheat ‘related to Monsanto GM wheat line’ detected in Canada

CANADA - The Canadian Food Inspection Agency (CFIA) has discovered genetically modified (GM) wheat in southern Alberta, Canada even when GM wheat is not authorized in the country. World Grain reported that the testing carried out by CFIA found out that the Alberta wheat sample was a match for a Monsanto GM wheat line that…

Barilla invests US$1.2b in an expansion plan as demand for pasta rises

ITALY – Barilla, an Italian food company, has invested US$1.2 billion over five years to expand production and launch new products as the world’s biggest pasta maker responds to shifting demand. According to Reuters, Barilla’s pasta and sauces have grown faster than its bakery business in recent years, and now account for almost 60% of…

Mondelez announces plans to expand sustainable wheat sourcing program

USA - Mondelēz International, an American multinational confectionery, food, and beverage company, has announced its ambition to expand the Harmony program, the company’s sustainable wheat sourcing initiative. This expansion strategy is expected to cover 100% of its biscuit brands in the European Union by 2022, up from 60% of the company’s biscuit production in the…

World Bank, federal government opens up markets for rice farmers

NIGERIA - The Federal Government of Nigeria in collaboration with the World Bank is opening new market frontiers for rice farmers by linking them with off-takers and aggregators, reported This Day Nigeria. Through the Ministry of Water Resources, the government organised a business forum bringing together rice farmers, off-takers and other value chain actors in…

Japan millers evaluates US wheat, sign deal to develop club wheat

USA - Japan flour millers have gone to the United States to evaluate and discuss on the quality of US wheat among other issues including relationship between the Japanese milling industry and US wheat. The group was welcomed by the Oregon Wheat Commission (OWC) and the Washington Grain Commission (WGC). The forum, also attended by…

Zimbabwe Millers to import 150,000tonnes of wheat to supplement stocks

ZIMBABWE - The Grain Millers Association of Zimbabwe (GMAZ) has announced that it will be importing 150,000 tonnes of wheat upto November to avert market shortages that would rather be experienced in a short while. The millers said the country was left with 90,000 tonnes, only enough to provide two months’ supply but more wheat…