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BRAZIL- Cargill Brazil is planning to spend US$20 million to build a mineral supplements production plant in the west-central state of Mato Grosso for cattle raised on pastures, according to a report by Reuters. According to the cited statement, construction of the facility is expected to begin this month with completion slated for the end of 2024. Mato Grosso is…
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SWITZERLAND – Nestlé, the world’s largest food company has announced that Magdi Batato, the Executive Vice President and Head of Operations will retire in early 2024 after a distinguished career of over 30 years at the company. Consequently, a former employee at Nestle Stephanie Pullings Hart, currently Senior Vice President of Operations for Warby Parker, will return to Nestlé, effective…
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USA- Nebraska-based global agribusiness Scoular has acquired Northwest Farm Food Cooperative’s frozen fish processing facility in Burlington, Washington to strengthen its pet food ingredients business. The acquired facility upcycles fish trimmings by processing them into frozen fish ingredients for pet food manufacturers. This acquisition complements Scoular’s recent joint venture fishmeal processing facility in Warrenton, Oregon. The US$17.5 million facility upcycles…
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KENYA – The government of Kenya has devoted KES 1.1 billion US$8M) for the electrification of the Galana-Kulalu Irrigation Scheme as it moves to make the national food security project more attractive to investors. The grant follows a fresh attempt to revive the multi-billion-dollar irrigation scheme in a bid to achieve national food security. According to Business Daily, the new…
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KENYA – Breakfast will get costly as bread makers increase the price of bread by 16 percent, with now the 400 grams loaf expected to retail at KES 70 from KES 60, Capital News has reported. The exorbitant bread prices add more pain to Kenyans who are already battling the high cost of food products amid a shrinking economy. According to…
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GHANA – Jospong Group of Companies, a diversified holding company has challenged Ghana to ban rice importation and become self-sufficient in production, All Africa reports. Dr. Joseph Siaw Adjepong, the Chairman of the Jospong Group of Companies made the plea while speaking at a two-day Ghana Food Security Conference 2023 themed “Enhancing food security: The role of Ghanaian scientists” at…
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ZIMBABWE- Zimgold Oil Industries, one of Zimbabwe’s leading cooking oil producers has shown resilience in prospects of stiffer competition after the government’s decision to lift restrictions on the importation of several basic commodities. According to Zim Independent, the government of Zimbabwe has taken deliberate moves to ease restrictions on imports of basic commodities, among them cooking oil, maize meal, and…
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USA- Rotterdam-based grain elevator Viterra recently announced that it will expand its grain and ingredient terminal in Etter, Texas, US, increasing storage capacity at the terminal by more than 40,000 tonnes by late 2024. Viterra handles more than 100 million metric tonnes of agricultural products annually across its business units, including grains, oilseeds, pulses, rice, sugar, and vegetable oil, as…
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