The latest news from the agricultural sector
2023-02-02
ADM reports 60% jump in full-year profits, forecasts strong crush margins and high demand in 2023
USA- Archer-Daniels-Midland Co, (ADM), a major U.S. grains merchant, has posted an annual net income profit of US$4.34 billion, a record 60% jump when compared to the same period last year. The... Read more
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2023-02-01
India records 13% drop in wheat prices after the government releases grain for flour millers
INDIA-Wheat prices in India have fallen nearly 13 percent following Prime Minister Narendra Modi’s government decision to release 3 million tonnes to bulk users such as flour millers. Following the... Read more
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2023-02-01
Kenya licenses traders as window open for the importation of 10M bags of duty-free maize
KENYA – The government has issued licenses to private traders to facilitate the importation of 10 million bags (about 900 metric tonnes) of duty-free maize into to the country. Philip Harsame, the... Read more
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2023-02-01
AFEX annual commodity outlook forecasts global maize prices to decline by 8% in 2023
NIGERIA – Global maize prices will decrease by 8% while prices for wheat, which were anticipated to rise by 36% in 2022, will slightly fall in 2023, according to the Annual Commodity Outlook by AFEX.... Read more
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2023-02-01
Almost all of Africa’s maize crop is at risk from devastating fall armyworm pest, study reveals
AFRICA-Fall army warms (Spodoptera frugiperda) continue to endanger the majority of Africa's maize crops according to new research published in Frontiers in Insect Science journal. This study was... Read more
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2023-02-01
BoMill launches ‘BoMill InSight’ to help millers optimize grain sorting operations
SWEDEN-The Swedish agritech company BoMill AB has launched a grain sorting solution brand BoMill InSight™, the first equipment of its kind, capable of sorting individual grains on their inner... Read more
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2023-02-01
Nambu Group secures funding to upgrade and expand alternative protein production facilities
SOUTH AFRICA- Nambu Group, a speciality in converting food waste into high-value protein feed has secured funding from South African Impact investor E Squar ... Read more
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2023-01-31
General Mills divests natural tortilla snacks company “Food Should Taste Good” 10 years after its acquisition
USA – General Mills has divested natural tortilla snacks company “Food Should Taste Good” to Real Food from the Ground Up for undisclosed sum. Founded in 20 ... Read more
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2023-01-31
Kenya to increase rice acreage by 100,000 in 5 years as plans to transition to irrigated agriculture intensifies
KENYA – Kenya has embarked on a 5-year plan to increase the acreage under rice production in the country by at least 100,000 acres as part of its efforts to achieve rice self-sufficiency, Joel Tanui,... Read more
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2023-01-31
As African Swine Fever ravages pig drifts globally, formaldehyde may be the only hope for feed plants, flags new study
GLOBAL – Discovered in Kenya in 1921, African Swine Fever (ASF) has remained a major threat for the pork industry, decimating millions of pigs whenever it s ... Read more
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2023-01-30
Zimbabwe makes steps towards wheat self-sufficiency with imports declining 11% in 2022
ZIMBABWE- Zimbabwe is making progress towards attaining self-sufficiency in wheat with import volumes declining 11% from 210 million kilograms in 2021 to 186 million in 2022. Zimbabwe which... Read more
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2023-01-30
China grain production hits 68.7 billion MT in 2022 owing to high yield and increased hectarage
CHINA- China’s grain output reached a new record of 68.7 billion metric tons (MT) in 2022, new estimates from The National Bureau of Statistics (NBS) published have revealed. For the market year (MY)... Read more
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