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CHINA- Louis Dreyfus Company (LDC), a leading global agribusiness, Donlink Holding Group (Donlink), and Guangdong HAID Group (HAID) are celebrating the completion of the first phase of construction of their new food industrial park in Nansha, Guangzhou, China. The park, which spans 180,000 square meters, is operated by their joint venture, Fuling Food Technology Co. Ltd., which was established in…
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EUROPE – The recently published European Soy Monitor 2021 noted that 40% of soybean meal equivalent of total European soy consumption was sourced according to the European Compound Feed Manufacturers’ Federation (FEFAC) Soy Sourcing Guidelines. According to the provisional data, the European feed industry has intensified its commitment to sustainable soy, with 21% representing an increase in responsible soy usage…
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BULGARIA- Bulgaria has reportedly yielded to pressure from local farmers by implementing an import ban on sunflower seeds from Ukraine. Speaking at a press briefing this week, Bulgarian Prime Minister Mykola Denkov announced his intention to impose an import quota on sunflower seeds from Ukraine, as reported by the pan-European news service Euractiv. Denkov stated that he would inform his…
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CAMEROON – The Cameroonian government is taking action against sales of “bulk” refined oil, a cheap oil widely sold on the informal local market alleged to pose health risks to consumers. Luc Magloire Mbarga Atangana, the Minister of Trade, sent a letter to the palm oil refining industry urging them to comply with food safety rules comprehensively, as well as…
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ZIMBABWE – COTTCO Holdings, a listed cotton procuring, processing, and marketing company plans to explore the edible oil market in Zimbabwe with an oil expression plant in Gokwe, Midlands. The company revealed the plan during the release of an interim report for the trading period update for the 14 months to August 2023. According to Cottco, the move is part…
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UGANDA – Uganda has rolled out a seven-year project plan worth US$159.93 million aimed at revitalizing its declining export earnings from edible fats and oils, which have decreased by nearly 70%. According to The East African, export earnings fell from Ush1.05 trillion (US$281.1 million) in the same period last year to Ush338.2 billion (US$90.5 million) in July 2023. Uganda has…
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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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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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TANZANIA – The Tanzanian Government is implementing a sustainable cashew nuts processing strategy that aims to add value to the crop through the establishment of an industrial park. President Samia Suluhu Hassan revealed the plan while addressing Mtwara residents at Nangwanda Sijaona Stadium on her first day of tour of the Mtwara Region. According to the latest reports from the…
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KENYA – The Kenya Agriculture Research and Livestock Organization (KALRO) has rolled out a drive to distribute 2.5 million palm seedlings to farmers as it seeks to enhance local edible oil production. The initiative is spearheaded by its KALRO Alupe center located in Busia country where farmers have been urged to venture into palm farming to boost their incomes. According…
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