Confectionery and snack sales across the APMEA region are projected to reach a staggering US$389.8 billion by the end of 2025, outpacing growth in Europe and North America.
While corn is under pressure, Bulgaria’s wheat harvest has improved, rising an estimated 8.5%.
The plant, which employs advanced degermination technology, will produce high-quality grits, flour, and feed byproducts.
The move is aimed at creating a resilient, efficient, and effective storage system that will minimise losses, strengthen the food storage ecosystem, and help achieve food sovereignty.
These developments occur against a backdrop of global challenges, including the United States imposing a 30% tariff on South African agricultural products.