EU and Eastern Europe drought causes damage to wheat, maize and barley crops

EUROPE - The drought in many regions of the European Union and Eastern Europe has caused significant damage to wheat, maize and barley crops, according to FAO of the United Nations. FoodingredientsFirst reported that the Food and Agriculture Organization of the United Nations (FAO) said that the prices of these crops could remain under upward…

Barilla launches 100% whole wheat pasta range in the Middle East

ASIA - Barilla, world’s leading Italian pasta brand, has launched a new whole wheat pasta range in the Middle East, made of 100% whole wheat. Barilla’s whole wheat pasta serves as an excellent source for fibre as it provides 6g of fibre per serving, which is three times the fibre in traditional pasta. According to…

French equity fund acquires minority stake in Mozambican miller, Merec

MOZAMBIQUE - Amethis Fund II, Paris-based private equity fund has acquired a minority equity stake in Mozambique’s largest integrated wheat and maize miller, Merec Industries. In partnership with Proparco and Kibo Fund II, a funding arm of Mauritius based Kibo Capital Partners, Amethis seeks to reinforce Merec’s dominant position in Mozambique and expansion into the…

Zambia maintains restrictions on wheat flour imports from SADC

ZAMBIA - Zambia is not expected to relax its rules on the importation of wheat flour from other Southern African Development Community (SADC) member states as it looks to protect the local industry and economy, according to an article on Lusaka Times. Speaking at the SADC 30th meeting of the committee of Ministers of Trade…

Egypt drops Dubai-based wheat supplier as it approves 120,000T in imports

EGYPT - Egypt through the General Authority on Supply Commodities (GASC) announced on July 18 that it had removed one of its key grain traders, Dubai based AOS from the list of its key suppliers due to delays in wheat cargoes delivery. Reuters has reported the top wheat seller to Egypt had failed to deliver…

Genetic resistance to wheat fungal disease identified

AUSTRALIA - Wheat researchers have discovered a combination of genes that provide resistance to the significant fungal disease Stagonospora nodorum blotch (SNB) in Western Australian varieties. According to Crop Biotech, the discovery was made as part of a research project by the Department of Primary Industries and Regional Development and the State Agricultural Biotechnology Centre…

DSM launches an enzyme that allows bakers to reduce ascorbic acid in bread

NETHERLANDS - Royal DSM has launched a new enzyme called BakeZyme AAA that allows bakers to reduce the level of ascorbic acid in their recipes while not compromising on flavor and texture. This is an addition to its range of BakeZyme enzymes portfolio used in various applications including brewing, baking, fruit processing, dairy, oils &…

Zimbabwe could face a bread shortage again, says grain millers

ZIMBABWE - The Grain Millers Association of Zimbabwe through its spokesperson Garikai Chaunza has announced that the country could in the near future face a bread shortage as it is left with only a week’s supply of wheat. The Association has written to the Reserve Bank of Zimbabwe requesting for more funds for the outstanding…

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…