No.1 Grains Industry Magazine & Website for Africa & the Middle East
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…
Read More
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…
Read More
ETHIOPIA – The European Bank for Reconstruction and Development (EBRD) is bolstering Egypt’s agribusiness sector with a US$20 million loan to Afia International, a prominent manufacturer of edible vegetable oils and ghee in the country. Afia International is a fully owned subsidiary of Savola Foods, ultimately owned by Savola Group, a publicly listed company headquartered in Jeddah and one of…
Read More
TUNISIA – The olive industry in Tunisia, the world’s leading exporter of olive oil outside the EU, is expected to earn up to 3 billion dinars (US$957 million) from its olive oil shipments in 2022/2023. Hamed Daly Hassen, general director of the National Oil Office (ONH) revealed the forecast while speaking to the media Mosaïque FM as cited by Ecofin…
Read More
TANZANIA – Tanzania is targeting to export processed cashews by 2026/27 instead of transporting raw cashew nuts outside the country according to The Citizen TZ. This was revealed by the former deputy Agriculture Minister Anthony Mavunde while attending a cashew nut industry stakeholders 2023 meeting in the Tanga Region. According to him, about 1575.5 acres of land have been set…
Read More
ETHIOPIA – Ethiopian edible oil processors have raised an eyebrow at soybean exporters, blaming them for bidding up prices and depleting local supply. This comes as processors are grappling with a surging soybean market to 4,400 Br (US$889) for a quintal (1 quintal =0.1 tonnes) which processors say that in two weeks, a quintal rose to almost 1,000 Br. The…
Read More
KENYA – The Government of Kenya is exploring alternative ways of using macadamia in a move to boost farmer earnings amid the oversupply of the crop in the market. According to the Crop Development Principal Secretary, Kello Harsama, the incorporation of Macadamia as an edible-oil producing crop under the National Edible Oil Crops Project would provide a much-needed cushion for…
Read More
CÔTE D’IVOIRE – Chinese group Hunan No.6 Engineering Co, a specialty in the design and construction of industrial projects has launched the construction of a palm oil production unit in the Lôh-Djiboua region in the south-west of the country. Ecofin Agency reports that this initiative is part of a cooperation between Côte d’Ivoire and China, scheduled to last 18 months…
Read More
KENYA – In a bid to support environmental conservation, edible oil manufacturers Bidco Africa Ltd and Bidcoro Africa Limited are working on a program to eliminate the usage of some plastic bottles within their value chain. The strategy aims to eliminate unnecessary plastics and at the same time improve recyclability, says Bidco Africa’s Group Director, Chris Diaz. He said the…
Read More
USA- Leading cooperative CHS Inc recently released their third quarter financial results, revealing that strong demand for energy and oilseed products translated into solid earnings for the company. The company’s Q3 results highlighted two main drivers of the company’s earnings although the company reported an overall net income of US$547.5 million compared to a record third-quarter net income of US$576.6…
Read More