WORLD NEWS
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Food Index surge in July on the back of collapsed Black Sea grain deal, India’s ban on rice exports-FAO
GLOBAL – The FAO Food Index report, which is compiled by the Food and Agriculture Organization of the United Nations, climbed 1.3% in July compared…
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Nestlé earmarks over US$500M to expand its footprint in India by 2025
INDIA – Maggi noodles manufacturer, Nestlé has revealed plans to invest Rs42bn (US$507.5m) in its business in India between 2023 and 2025. The Swiss giant…
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Bunge’s second quarter 2023 financial results reveal impressive performance in the agribusiness unit
USA- Commodity trading giant Bunge Limited has reported its second-quarter 2023 results, revealing an EBIT of US$785 million in its agribusiness unit, which is up…
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Greencore to sell its vegetable oils business Trilby to K.T.C. Limited
IRELAND – Greencore Group plc, an Irish convenience food manufacturer has announced plans to sell its vegetable oil business Trilby to KTC Edibles for approximately €9.8 million (US$11M).…
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ZoomAgri garners US$6M to advance traceability in grain industry with innovative hardware-software system
ARGENTINA – ZoomAgri, a revolutionary agtech company, has successfully raised US$6 million in a series A funding round, signaling a momentous stride towards transforming the…