SOUTH AFRICA - The decline in the price of maize could lead to a decline in the price of food in the long run. This is the view of Wandile Sihlobo, agricultural economist and head of agribusiness research at the Agricultural Business Chamber.
INDIA - FMCG products will see a decline in volume in the short term with channel partners of companies keeping less stock in view of GST, which is set for July 1 launch, according to Britannia Industries.
ZIMBABWE - The grain milling industry has requested Government to suspend indefinitely, the mandatory food fortification programme scheduled to commence next month saying it would cost about $20 million to import the equipment and machinery for the process.
NIGERIA - Dangote Group is making a five-year investment of at least $1bn to grow and process rice in seven Nigerian states, bringing sub-Saharan Africa’s biggest importer of the grain closer to its goal of self-sufficiency.
ZAMBIA – Zambia National Farmers Union (ZNFU) says the late rainfall that occurred in some parts of the country last week will not destroy crops but will delay the start of the marketing season due to the increase in moisture content in the affected grains.