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USA – The J. M. Smucker Co., a leading consumer foods company, has signed a definitive agreement to acquire Hostess Brands for a total enterprise value of approximately US$5.6 billion. The transaction includes the Hostess Brands sweet baked goods brands (Hostess Donettes, Twinkies, CupCakes, DingDongs, Zingers, CoffeeCakes, HoHos, Mini Muffins and Fruit Pies) and the Voortman® cookie brand. JM Smucker…
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CÔTE D’IVOIRE – Dekel Agri-Vision PLC, a United Kingdom-based agro-industrial company with subsidiaries in Côte d’Ivoire, has announced that crude palm oil and palm kernel production soared in August linked to the good performance of its Ayenouan project. From the update, the company said its financial outcomes for August were significantly robust when compared to the results from August last…
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MEXICO- BoMill AB expands its network in the Americas through a distribution agreement with I.P. Global Tech & Machinery, a leading supplier of processing equipment and services to the grain, food, and seed industries in Mexico. “In relation to our focus on flour milling and malting businesses, Mexico offers an attractive potential for BoMill. Partnering with I.P. Global Tech &…
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MALI – The International Finance Corporation (IFC) plans to grant US$4.3M to Société Malienne de Biscuiterie (SOMABIS), an established biscuit manufacturer in Mali, to support the Company’s expansion investment program. According to IFC, this project will expand the company’s production capacity on a new site with the installation of a new state-of-the-art production line of biscuits, with a double capacity…
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NIGERIA – The federal government of Nigeria has obtained a US$163 million loan from the African Development Bank to boost wheat production, World Grains has reported. Nigerian Vice President Kashim Shettima said this in Kebbi State when he paid a condolence visit to the Emirate and family of late Sheikh Abubakar Giro while re-affirming the determination of the Tinubu administration to…
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AUSTRALIA/NEW ZEALAND– Food Standards Australia New Zealand (FSANZ) is inviting public commentary on an application that could see the introduction of genetically modified corn, line DP915635, into the food supply chain. This genetically engineered corn variety boasts herbicide tolerance and built-in defenses against insect pests, potentially reshaping the food landscape in Australia and New Zealand. The application currently under review…
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KENYA – The African Milling School (AMS), one of Bühler’s applications and training centers held a colorful graduation together with Buhler’s consumer food business unit’s customer day at the Nairobi campus, on the 8th of September, 2023. According to Buhler, the two events were done simultaneously to provide an opportunity for aspiring learners, customers, and stakeholders in the sector to speak to and…
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CANADA- A recent Canadian study has discovered that incorporating enzymatically modified canola meal into broiler chicken production can positively impact gut health. The study was conducted by researchers from CBS Bio Platforms and the Department of Animal Science at the University of Manitoba in Winnipeg, Canada. It sought to assess the effects of enzymatically modified canola meal (ECM) on broiler…
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CHINA- China is forecasted to import a record volume of soybeans in 2022-23, although an increase in domestic production could dampen totals in the 2023-24 marketing year, according to a report from the Foreign Agricultural Service (FAS) of the US Department of Agriculture. According to the report, Soybean imports are estimated at 101 million tonnes due to relatively lower prices…
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