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BENIN – The Global Alliance for Improved Nutrition (GAIN), a Swiss foundation launched by the United Nations has signed a Memorandum of Understanding with Benin’s Ministry of Agriculture allowing the implementation of a three-year project that marks its entry into the country. Since its inception at the UN in 2002, GAIN has been working to tackle the human suffering caused…
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RUSSIA- Cargill, a leading global player in the agriculture and food industry, has finalized a deal to divest its stake in a Russian grain terminal situated on the Black Sea to Russia’s Delo Group, a prominent transport and logistics entity. Confirming the sale, Cargill stated, “In line with Cargill’s earlier announcement to stop the export of Russian grain in July…
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ALGERIA/MOROCCO -Algeria and Morocco, Africa’s key players in the wheat trade have abandoned French wheat for Russian wheat following increasingly deteriorating relations between the North Africa nations with France, the Ecofin Agency has reported. Alexandre Marie, chief analyst for Agritel (Argus Media France), told the agricultural news daily Terre-Net, on the sidelines of a conference organized in Paris on August 24…
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USA- Corn and soybean prices experienced a significant dip following the release of the latest World Agricultural Supply and Demand Estimates (WASDE) report by the US Department of Agriculture (USDA), revealing larger-than-expected supplies in the US. On the contrary, wheat prices remained relatively stable despite a notable reduction in world inventory expectations, as highlighted by CRM Agri. The report made…
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POLAND – In a strategic move to meet the surging demand for its popular ramen noodles brands, Unilever, the global Fast-Moving Consumer Goods (FMCG) giant, has announced a substantial investment of nearly US$20.8 million in its food factory located in Poznań, Poland. The significant investment is set to add a cutting-edge production line dedicated to the production of its renowned…
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ZIMBABWE – ZimbaSeed, a subsidiary of the Zambia Seed Company and a local seed variety producer plans to introduce its new drought-resistant maize varieties on the market before the onset of the summer cropping season at a time when the country is bracing for the El Nino weather pattern. The new varieties being introduced to the market are ZMS405, an…
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UGANDA – Grain processors and traders have accused government agencies of not doing enough in the fight for quality grain and other agricultural products and exports. The protest comes as the government intensifies efforts to restore market stability following the rejections of maize flour on the regional market, especially by Kenya and most recently, South Sudan. In June, the South…
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GLOBAL- The algae-based animal feed and ingredients market is set to witness substantial growth, projected to increase by USD 928.69 million from 2022 to 2027, as per the latest analysis by Technavio, an esteemed market research specialist. Anticipated to progress at a CAGR of 6.07% during the forecast period, this growth is attributed to the expanding production and consumption of…
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INDIA- Russian fertilizer suppliers have halted their practice of offering discounted prices on products like di-ammonium phosphate (DAP) to India due to tightening global supplies. This change comes after they emerged as India’s primary suppliers last year, according to three sources in the industry who spoke with Reuters. In August, these Russian companies shifted their strategy to pricing fertilizers at…
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