Milling Middle East & Africa- Week 11 2024 End-Week News

LATEST AFRICAN & MIDDLE EAST NEWS

Bread prices in Kenya to rise on state’s new proposal

KENYA – The Kenyan Treasury is considering introducing a 16% value-added tax (VAT) on bread and milk in a fresh push to boost revenue collections from middle-class households.?. .?MORE

Nigerian biscuit company A&P Foods rebrands to Pladis

NIGERIA – Nigerian biscuit company, A&P Foods Limited, has changed its legal name and branding to Pladis Foods Nigeria Limited in a move to?build a stronger global brand?...?MORE

Zimbabwe liberalizes grain imports, scraps VAT on rice, maize

ZIMBABWE?–?The government of Zimbabwe has liberalized the importation of grain as part of a raft of measures aimed at mitigating the effects of the El Nino-induced drought??.?.?.?MORE

Egypt raises procurement price for local wheat by 25%

EGYPT - Egypt has raised the procurement price of local wheat to EGP 2000 (US$41.32) per ardeb (150 kilograms), a 25% jump from EGP 1600 (US$33.16)??.?.?.?MORE

Kenyan maize miller Korokwony revives dormant facility

KENYA - Korokwony Millers, a women-owned processor in Bomet County has been leased to a private investor, Solid Millers, after being dormant for seven years?...?MORE

LATEST WORLD NEWS

Cargill partners VPF Group to enhance pork production in Thailand

THAILAND – Cargill and VPF Group, a prominent player in the Thai pork market, have?partnered?to fortify Thailand’s pork industry and cater to the surging demand for high-quality pork?. . .?MORE

FAO reports continued decline in food prices?

GLOBAL - The Food and Agriculture Organization of the United Nations' ?latest Food Price Index report?reveals?a continued reduction in global food commodity prices for the seventh consecutive month?. . .?MORE

ADM admits to accounting discrepancies spanning six years

USA – Archer-Daniels-Midland Co. (ADM), has confirmed accounting discrepancies that led to the correction of certain transactions in its financial results spanning six years?...??MORE

ANDRITZ unveils advanced automation solutions for?feed industry

AUSTRIA – ANDRITZ is set to transform the feed industry with its portfolio of automation and digitalization solutions?under the Metris digital platform,?with the ambitious goal of achieving full autonomy by 2027?...?MORE

Soy cultivation in Europe? to reach unprecedented heights

EUROPE – The?latest market report from Donau Soja indicates a?5-10%?surge in soy cultivation across Europe in 2024,? culminating in a historic production volume of 5.3-5.7 million tons?. .?. MORE