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ARGENTINA – Mexican baked goods giant Grupo Bimbo has inaugurated a new US$100m production line for bread at its facility in Pilar in Buenos Aires Province, Argentina. The Investment, according to Just Foods is the largest investment in Argentina since entering the country almost three decades ago. Bimbo has four facilities in Argentina, three in Buenos Aires, and one in…
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USA- The New York Stock Exchange has notified Benson Hill, a food technology company, that it is not in compliance with the NYSE’s continued listing standards due to the company’s stock price falling below US$1 per share for a consecutive 30-day trading period. Benson Hill, which commenced trading on the NYSE in February 2021 at a price of US$11 per…
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SOUTH AFRICA – Kellogg’s South Africa, a subsidiary of American multinational snack and cereal company, Kellogg’s, has celebrated its 100th anniversary with an artistic limited-edition in its 1kg box Corn Flakes packaging. Kellogg’s legacy in South Africa began in 1923 when the company introduced iconic cereal brands to breakfast tables. In 1948, the company opened its cereal manufacturing facility in…
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UKRAINE- Danube Shipping Company (DSC) has requested Romania’s Constanta Black Sea port to allow ship-to-ship grain transfers which would almost double its barge (flatboat) export capacity, the company recently announced. Ukraine, a significant producer and exporter, is expected to have a grain output of up to 56 million metric tons in 2023. However, the blockade of its major Black Sea…
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ANGOLA – Italian multinational oil and gas company Eni has revealed its plans to establish an “agro bio” business, an agro-industrial complex that will focus on large-scale production of vegetable oil in Angola starting next year. The announcement was made by Guido Brusco, the company’s Natural Resources Director at the Angola Oil & Gas conference held in Luanda. Brusco revealed…
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KENYA – Kapa Foods Innovations Limited, a Kenyan-based joint venture company between Sojitz Corporation (“Sojitz”) and Kapa Oil Refineries Limited (KOR) has released an instant noodle offering ‘Nala Instant Noodles, expanding its presence in the convenient foods market. Headquartered in Tokyo, Japan, Sojitz Corp (Sojitz) is an integrated global trading and investment group with operations in the America, Europe, the…
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SPAIN – Spanish silo manufacturer, Symaga, recently launched new models of sensors, the SY-DP1 pendular and SY-DR1 rotative, to optimize storage silos for maximum efficiency. According to the grain storage specialist, the SY-DP1 pendular sensor is capable of detecting the maximum level of storage. It is robust, simple, and does not require any power or maintenance. Additionally, it can be…
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ZIMBABWE – Olivine Industries, one of the largest consumer goods manufacturing companies in Zimbabwe has introduced a new spread margarine, Buttercup Lite, specifically designed for health-conscious consumers with only 40 percent fat. Speaking at the product launch, Ms. Charmaine Munetsi, Olivine’s marketing manager, stated that the introduction of Buttercup Lite, a low-fat spread containing 40 percent fat, was driven by…
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NETHERLANDS- Viterra’s revenue reached US$28 billion in the first half of 2023, up 18% from US$24.3 billion recorded in the first half of last year, mostly driven by record sales volumes and the completed acquisition of Gavilon. In its financial report, released on 13th September, Viterra said that the earnings before interest, taxes, depreciation, and amortization (EBITDA) for the first…
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