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ARGENTINA- Substantial rains in recent days in major Argentine agricultural areas have improved the outlook for the South-American country’s 2023-24 wheat crop, Reuters reported, citing the Buenos Aires grains exchange. After a severe drought devastated Argentina’s 2022/23 corn and soybean crops, continuing dry conditions could have threatened to set back the planting of the country’s 2023/24 winter wheat crop. Therefore,…
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UK – UK Flour Millers, the trade association for the flour milling industry in the UK, has elected Hovis procurement director Gary Sharkey as its new president, World Grains has reported. The appointment took place during the organization’s annual meeting this week in Cambridge. Sharkey, who is a former president of the European Millers Association, is described as a veteran…
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ZIMBABWE – President Mnangagwa has announced that Zimbabwe has reached self-sufficiency in wheat following last year’s record harvest of over 375 000 tonnes, The Herald reports. According to him, the country has saved up to US$300 million in import costs and is working hard to ensure a lot more wheat is delivered this year. He was speaking during the roundtable…
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GHANA – Ghana has the potential of fetching up to US$660 million from cashew export earnings if the government capitalizes on the global prospects of the economic tree and prioritizes the development of the industry. Mr Raphael Ahenu, the National Convener of Cashew Watch Ghana made the call at the launch of the “Amplifying the Voices of Cashew Farmers (AVFC)”…
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NIGERIA – The Tropical General Investments Group (TGI) has said the recently introduced Golden Terra Soya Oil Mega-Fill Pack is gaining positive consumer reviews in the Nigerian market as its popularity has risen steeply, The Punch has reported. The new Golden Terra Soya Oil Mega-Fill pack was launched last month, designed in the form of a tamper-proof refill pouch making…
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USA- Indiana-based processing equipment and solution provider Hillenbrand recently announced plans to acquire Schenck Process’ Food and Performance Materials (FPM) for approximately US$730 million. The transaction is expected to close during Hillenbrand’s fiscal fourth quarter of 2023, subject to regulatory approvals and other customary closing conditions. According to a press release by the company, Hillenbrand expects to use cash on…
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USA – Glencore-owned global grain trader Viterra is in talks concerning a possible merger with U.S. rival Bunge Ltd- a strategic move that will potentially form one of the most formidable international grain merchants, Reuters reported, quoting people familiar with the matter. These talks come a while after Glencore had publicly said it was reviewing options for its interest in…
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