WORLD NEWS
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Mondelez to invest US$32.72M in a bid to bolster production capacity in Belgium
BELGIUM – Mondelez International, one of the world’s largest snacks companies, has announced plans to invest €30 million (US$32.72 million) in its baking facility in…
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Argentine 27MMT soybean production lowest in 23 years: USDA
ARGENTINA- According to the US Department of Agriculture’s latest World Agriculture Supply and Demand Estimates, Argentina will likely have its smallest soybean crop in over…
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Scoular invests US$20M in expanding Idaho feed blending facility
USA- Nebraska-based global agribusiness Scoular is investing US$20 million in expanding its feed blending facility in Jerome, Idaho, US, to meet the custom feed needs…
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ADM partners with biotech startup Brightseed on functional synbiotics
USA- Global food processing and commodities trading corporation Archer-Daniels-Midland Company (ADM) is partnering with California-based biotechnology startup, Brightseed, to develop functional synbiotic products. This partnership…
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Brazil’s 7 MMT estimated rice yield lowest in 25 years as drought persists: USDA
BRAZIL- Brazil could produce its lowest rice crop in 25 years in the marketing year 2022/23 at 7 million metric tons (MMT), according to a…