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AgroBusiness Times

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Zimbabwe plunges into wheat crisis

ZIMBABWE was by yesterday left with less than a month of wheat stocks after a United Kingdom-based supplier held back a 30 000-tonne consignment at Mozambique’s port of Beira until payment is confirmed following delays by the Reserve Bank of Zimbabwe (RBZ) to remit $12,5 million to close the deal.   BY FIDELITY MHLANGA/FREEMAN MAKOPA […]

Argentina’s Export Tax to Drive Corn Acres Lower

Argentina has suffered a currency crisis since the beginning of the year, and the Argentinian peso devalued over 100% against the U.S. dollar since then. This is sparking increased export taxes for Argentina’s agricultural commodities. As a consequence of higher interest rates in the U.S. and the European Union, the country’s debt skyrocketed to record […]

Indonesia to send palm oil delegations to Pakistan

Amid the current account deficit, the government and private sector work hand in hand to expand the export market of palm oil by sending trade mission delegations to Pakistan. “We will depart to Karachi, Pakistan,” the Indonesian Palm Oil Producers Association (GAPKI) deputy chairman Togar Sitanggang said in Jakarta on Tuesday. After the Indonesian government, […]

Wheat rust outbreak could cost Australia up to $1.4 billion

The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) estimates a nation-wide outbreak of the wheat rust strain Ug99 could cost Australia up to $1.4 billion over 10 years. ABARES Executive Director, Dr Steve Hatfield-Dodds, said the results of a report released today highlight the importance of keeping Australia’s $6 billion wheat industry […]

Calls for industrialisation of ‘game-changing crops’ intensify

Block production of chocolate bars in Multi Trex Plc PHOTO: Femi Ibirogba The head of the agricultural economic bureau FEMI IBIROGBA reports on the full industrialization and addition of the cost of some crops as gaming shifts in the efforts to develop the economy. Cocoa, cashew, palm products and peanuts were the main foreign exchange […]

Government to set plan to achieve food security, raise wheat storage

As part of the determined action to improve Egypt’s food security and wheat supplies, the government is setting a program to achieve food security, raise wheat storage capacity, ensure availability of wheat consumption and increase the efficiency of distribution. The program aims to achieve self-sufficiency in the basic food commodities and reduce Egypt’s dependence on […]

CHI Farms, ZOETIS set to commission ultra-modern veterinary lab in Ibadan –

[FILE PHOTO] Chi Farms Ltd CHI Farms Limited, a subsidiary of TGI Group, in partnership with ZOETIS, the global animal health company and representative of the Bill and Melinda Gates Foundation in Africa, intends to put into operation a state-of-the-art veterinary care center in Ibadan, Oyo, laboratory". The project, scheduled for launch on Wednesday, September […]

Egypt issued a milling wheat tender

Today, September 5, 2018, GASC will hold a milling wheat tender for delivery on October 21-30, 2018, reports UkrAgroConsult. In the last tender of August 28, 2018, Egypt purchased 350 KMT of milling wheat from Russia and Ukraine at an average price of USD 241.23/MT C&F for delivery on October 11 – 20, 2018. More […]

Train accident kills 52 cattle

cattle Mohammad Tijani At least 52 cattle were killed by a train on the axis of Kasary-Djer in the district of the local administration of Chikkun in the state of Kaduna. The command of the Kaduna Police on Sunday confirmed the fact of the accident. Authorized Malam Ahmad Abdulraman denied reports that cattle were killed […]

Tough time awaits Nigerians, as price of rice soars –

Rice culture Nigerians will need to pull themselves to another round of deprivation, given the growing price of rice, considered the staple food for households in the country. Based on the analysis of industry analysts, he assuredly gathered that the price could increase in a few weeks and could continue until December or beyond unless […]

YFarm targets 10,000 youths for agribusiness by 2020 –

Agricultural land The Youth Farming Project (YFarm), the Initiative for the Development of Fresh and Young Brain (FBIN) and Alexian Consueles, said that he trained more than 1,500 young people in agriculture in the country. In his address during the closing ceremony of his four-day Bootcamp within the framework of the project, with the theme […]

‘How we help small-scale farmers mechanise agric operations’

Sino-Nigerian coy, technology services Chinidzh says that their agricultural technologies are designed to enable most small farmers in the country.The company, which demonstrated a strong presence at the Agrochemicals and Equipment Expo, showed many small agricultural equipment for agricultural operations.Speaking with the Daily Trust at the site of the agrofita, the marketing manager of the […]

Biggest Wheat Importer May Turn to Hedging After Price Spike

To cope with a sudden spike in wheat prices, the world’s biggest importing nation is considering an unusual tactic: price hedging. Egypt, which relies on subsidized wheat to feed millions of people, is in the early stages of discussing a plan to hedge against price increases, according to Finance Minister Mohamed Maait. The country is […]

NFA to import 130,000MT of rice for Zambasulta starting next week

The National Food Authority (NFA) is importing an additional 133,500 metric tons (MT) of rice for Zamboanga, Basilan, Sulu, and Tawi-Tawi (Zambasulta). In an emailed statement on Tuesday, the NFA said the importation intends to boost the remaining supply stock in the area. “Delivery for the 33,500 MT is set for September 15-30 and 100,000 […]