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SOUTH AFRICA – Premier Group, one of the oldest and most renowned food producers in South Africa, saw its shares surge by more than 11% after its successful listing on the stock market, the company has reported. The company, owned by billionaire Christo Wiese’s private equity firm Brait, has a strong presence in the South African market with its top…
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ZAMBIA – The Zambian government has taken a step forward to cushion shortage of the corn grain and stabilize the price of mealie meal by promoting community sales under the Food Reserve Agency (FRA) in Sinazongwe District. To mitigate the situation, the government through FRA has offloaded cheap maize to Sinazongwe residents as opposed to millers until the situation stabilizes.…
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TANZANIA – Foreign Agricultural Service of the US Department of Agriculture (USDA) forecasts better yields for Tanzania’s corn and rice underpinned by high international prices. According to USDA, the production of corn in MY 2023/24 is anticipated to increase roughly 3% to 6.1 million metric tons (MT) as more farmers switch to corn production in response to high prices. The…
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MEXICO- According to a report by the USDA, Mexican wheat and rice production forecast is slightly lower in marketing year (MY) 2023/24 due to uncertain government support delaying planting decisions. The report also indicates that reduced government support for commercial growers, and less incentive to invest in new production technologies amid high inputs costs could slightly reduce the country’s overall…
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KENYA – Kenya’s wheat and corn production is expected to increase in 2023/24 market year as farmers respond to high crop prices by planting more, according to a report from the Foreign Agricultural Service of the US Department of Agriculture (USDA). Corn production is estimated at 3.2 million tonnes, up from a previous estimate of 2.9 million tonnes in 2022-23.…
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KENYA- Kenyan maize meal consumers may have to diversify to other starch sources as traders fail to secure maize imports from the overseas market on the back of high international prices. The Business Daily has reported that traders who were given licenses to import 10 million of duty-free white maize have lamented their incapability to import the commodity at the…
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BURKINA FASO – The government of Burkina Faso has channeled 113.2 million CFA francs (US$184,653) to boost wheat production to reduce imports which cover almost all the consumption needs of the country. Ecofin Agency has reported that the move follows a financial agreement between the Ministry of Agriculture, Animal and Fishery Resources and the Institute for the Environment and Agricultural…
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NIGER – The US Agency for International Development (USAID) and the International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) has launched a new project aimed at boosting the crop-livestock integration systems in Niger. According to the organizations, crop-livestock integration combines crop production and livestock rearing in a mutually beneficial way to optimize the use of land, labor, and other…
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TANZANIA – Tanzania’s Cereal Produce Board (CPB) Zonal Office has embarked on a drive to recruit private buyers at the grassroots level in a bid to enhance market access for farmers in Southern Highlands regions. The move follows the anticipated bumper production for cereals and other crops in the country due to the ongoing boost in the agricultural sector. Speaking…
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USA – The Andersons, Inc., a leading provider of plant nutrients, has announced plans to expand its wholesale fertilizer distribution terminal in Lordstown, Ohio, US. The envisioned expansion project will include a new 10,000-ton storage building, increasing dry bulk storage by nearly 65%, according to World Grain report. The project will also feature enhancements to the receiving system and loadout…
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