Archives for October 16, 2014

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Brazil’s BRF denies Americana bid, buys Al Yasra

By Eliot Beer

Brazilian food giant BRF has denied it has joined a bid to buy Kuwait’s Americana, weeks after it bought a 75% stake in Al Yasra Foods, its Kuwaiti distributor, for US$160m.

Saudi chocolate market to grow 43% by 2016

By Eliot Beer

Middle East confectionery sales are set to boom, with the Saudi market projected to grow 43% by 2016 according to KPMG, and the region as a whole by 20% in 2015.

Hassad Food agrees $500m Turkey investment

By Eliot Beer

Qatar’s food and agriculture investment vehicle Hassad Food is planning new investments worth US$500m in Turkey’s agribusiness sector, the company announced.

Source of Yersinia outbreak remains unclear

By Joseph James Whitworth

The source of an outbreak of Yersinia pseudotuberculosis which has sickened at least 127 people in New Zealand remains unclear, according to the Ministry for Primary Industries (MPI).

Australian farmers want GCC free trade deals

By Eliot Beer

Australian farmers are calling for new trade agreements with the Middle East as agricultural imports leap, with mutton up 168% year-on-year in September and lamb up 32%.