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KENYA- Kenyan maize meal consumers may have to diversify to other starch sources as traders fail to secure maize imports from the overseas market on the back of high international prices. The Business Daily has reported that traders who were given licenses to import 10 million of duty-free white maize have lamented their incapability to import the commodity at the…
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BURKINA FASO – The government of Burkina Faso has channeled 113.2 million CFA francs (US$184,653) to boost wheat production to reduce imports which cover almost all the consumption needs of the country. Ecofin Agency has reported that the move follows a financial agreement between the Ministry of Agriculture, Animal and Fishery Resources and the Institute for the Environment and Agricultural…
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NIGER – The US Agency for International Development (USAID) and the International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) has launched a new project aimed at boosting the crop-livestock integration systems in Niger. According to the organizations, crop-livestock integration combines crop production and livestock rearing in a mutually beneficial way to optimize the use of land, labor, and other…
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TANZANIA – Tanzania’s Cereal Produce Board (CPB) Zonal Office has embarked on a drive to recruit private buyers at the grassroots level in a bid to enhance market access for farmers in Southern Highlands regions. The move follows the anticipated bumper production for cereals and other crops in the country due to the ongoing boost in the agricultural sector. Speaking…
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GLOBAL – Kellogg Co., PepsiCo, Inc., and Grupo Bimbo, giant multinationals from the food and beverage space, have made it to the 2023 list of “World’s Most Ethical Companies” by the Ethisphere Institute. The Ethisphere Institute is a for-profit company that defines and measures corporate ethical standards, recognizes companies that excel, and promote best practices in corporate ethics The celebrated…
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UK- Anpario PLC’s dividends reached 10.5p, 5.0% higher than 10.0p in 2021, although the company’s profit lowered by 35% to US$4.02 million in 2022, and adjusted EBITDA fell by 25% to US$5.66 million. The international feed additives manufacturer cited increased production costs and lowering demand for lowered profit in 2022. Increased production costs were especially high because of supply chain…
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NETHERLANDS- Viterra experienced its most successful year on record in 2022, partly due to favorable market conditions, record production in major export regions, and completing its acquisition of Gavilon. Gavilon recently rebranded to Viterra after its acquisition by the Rotterdam-based grain handler in 2022. With the acquisition of Gavilon, headquarters in Omaha, Nebraska, US, Viterra added 110 up-country sites in…
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NETHERLANDS – Louis Dreyfus Company (LDC) credits its diversified global footprint for the resilient performance of Grains & Oilseeds platform in 2022 as it reported a 44% increase in net profit, netting just over US$1 billion compared to US$697 million in 2021. Reporting its financial performance on March 2022, LDC cited significant challenges affecting the Grains and Oilseeds platform in…
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GERMANY- Mühlenchemie is marking its 100 years in the flour improvement industry with a brand refresh that will see the German-based company trade as MC from now onwards. In the rebranding, Mühlenchemies modernized the logo to emphasize “MC” as the short form of Mühlenchemie, with a confident, dynamic, and international look. This makes Mühlenchemie’s brand even more tangible worldwide, with…
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