Financials & Economy
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National Foods forecasts a 17% surge in revenues in the financial year 2023
ZIMBABWE – Zimbabwe’s leading food processor, National Foods Holdings, is projected to achieve a 17% growth in revenue to hit US$ 300 million year on…
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Morocco scraps VAT on agricultural inputs to halt inflation
MOROCCO – The Moroccan government adopted a decree canceling the value-added tax (VAT) on agriculture inputs in a bid to lower food prices. According to…
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Adani Wilmar records a 14% jump in volume, pushing revenue to cross US$ 6.7M in FY23
INDIA – Adani Wilmar, a leading packaged food company in India has recorded a year-on-year (YoY) volume growth of 14% in the last fiscal, helping…
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Malteries Soufflet announces intent to acquire United Malt Group for close to US$1 bln
AUSTRALIA- Malteries Soufflet, a subsidiary of the leading European agricultural group InVivo Group, has announced that it has made a non-binding, indicative, and conditional proposal…
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Iowa board rejects grain loss claims of US$1.5M
USA- The Iowa Grain Indemnity Fund Board rejected nearly US$1.5 million worth of claims from people who sold grain to Global Processing- a now-defunct soybean…