Author: Hithaishi CB

Benchmark palm prices will average RM3,950 a metric tonne in 2024, up 4.06% from 2023, Malaysian crude palm oil (CPO) prices are expected to rise in 2024, as stagnant production despite rising demand for biodiesel is seen offsetting the impact of higher output of rival oils. Benchmark palm prices will average RM3,950 a metric tonne in 2024, up 4.06% from 2023, according to the median estimate of 18 analysts and industry participants. Average prices had fallen 23 per cent last year. “The key driver that will influence the price of CPO for this year is implementation of B35 biodiesel mandate…

Leading aseptic packaging enterprise acquired 28.22% stake in Greatview Aseptic Packaging As one of the largest dairy and milk consumers in the world, with an annual industry growth rate of about 10%, China has in recent years set its sights on aseptic packaging, an unassuming but critical phase for the milk industrial chain, which aroused market attention as Chinese companies strategize to break foreign monopoly through business mergers and acquisitions. Chinese leading aseptic packaging enterprise Shandong NewJF Technology Packaging Co., Ltd (NEWJF) has now acquired 28.22% stake in Greatview Aseptic Packaging to boost NEWJF’s competitiveness in the liquid product packaging market. The acquisition…

A tentative timeline for the establishment of the regional office has been set for Q3 of 2024 Thailand’s Deputy Permanent Secretary for Agriculture and Cooperatives, Setthakiat Krachanwong, participated in a discussion on January 18, 2024, with representatives from the International Fund for Agricultural Development (IFAD), namely Meyerhans, Executive Director, and Giorgia Salucci, Head of Support Department. Senior officials of the 16th Berlin Ministers’ Conference of Agriculture (The 16th Berlin Ministers’ Conference) met to discuss the progress of setting up an IFAD Asia and Pacific office in Thailand. As part of the process of establishing the IFAD Office for Asia and…

T-Tape White will be launched in Spain at the FIMA event on February 2024 and later globally As part of Rivulis’ initiative, farmers and agri-businesses around the world can access the most comprehensive collection of drip irrigation information in one place, available for free. In order to maximize quality and yield, anyone involved in drip irrigation can upskill themselves and ensure that their irrigation operation is world-class by participating in this market-leading initiative. The novel drip irrigation solutions deliver water and plant nutrition directly to the plant root, using less water and nutrients. Companies like Plastro, T-Systems, Roberts, Eurodrip, and…

The multi-year program will cost around P93 billion Philippines Department of Agriculture (DA), Agriculture Secretary Francisco Tiu Laurel, Jr. unveiled his plan to increase agricultural productivity, lower food cost, ensure food security, and make farming and fisheries a more bankable investment alternative. “Our goal is to modernize Philippine agriculture to spread benefits across  the entire value chain. Farmers and fisherfolk should get fair value for their produce, prices of goods should be affordable,  while traders, processors and retailers should be able to generate  reasonable profits. It’s important to address the decades old inequity where  farmers and fishers do not really benefit from the fruits of…

Beverley Postma, Executive Director, Grow Asia reveals Grow Asia’s projections with the Theme “Consolidate, Focus, and Scale” though four public-private programs and funds: GrowVentures, GrowHer, GrowRight, and GrowBeyond The multi stakeholder partnership platform in Southeast Asia, Grow Asia works to catalyze inclusive agriculture development by convening governments, farmers, NGOs, private sector and other stakeholders co-create value chain initiatives aimed at empowering smallholder farmers and protecting the and environmental sustainability of agriculture. Grow Asia was established by the World Economic Forum, in collaboration with the Association of Southeast Asian Nations (ASEAN). Grow Asia’s work guided by four operating principles: Smallholder-focused, keeping the farmer at the center of…

Total investment capital at Vietnam site reaches more than $500 million Nestlé Vietnam has announced an additional investment of $100 million to increase the capacity of Nestlé Tri An factory, Dong Nai province, bringing the total investment capital at this factory to more than $500 million. The additional investment in the Nestlé Tri An factory will help increase capacity and capacity to meet the increasing demand for coffee, continuing to make the Vietnamese market a center for coffee production and supply. High value for domestic and world markets. To date, Nestlé Group has invested nearly $830 million through Nestlé Vietnam…

The discovery of novel chemistry for fungal control demonstrates digital technologies reduce the time needed for R&D discovery, while building in safety guardrails early Syngenta Crop Protection, a global leader in agricultural innovation, and crop health company Enko announced the discovery of novel chemistry to control fungal disease in crops, using a platform that reduces the time required for R&D discovery. With its newest collaboration, Enko and Syngenta will focus on discovering herbicide solutions to combat widespread resistance and eliminate aggressive weeds, such as Palmer Amaranth. The new chemistry features a new mode of action designed to target diseases that…

BII and ADB Trade and Supply Chain Finance Program sign $100 million risk sharing agreement to promote green trade in Asia British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, and Asian Development Bank (ADB), the regional development bank for Asia and the Pacific, today announced a new partnership to finance up to $100 million of green trade transactions in the region. The partnership will be managed through ADB’s Trade and Supply Chain Finance Program (TSCFP) and will focus on renewable energy, energy efficiency and climate-smart agriculture to support the region’s energy transition and climate resilience. In South and South East Asia, two of…

AI, Data Analytics and NTT Smart Management Platform will help regenerate section of Daintree while speeding new models for environmental restoration NTT and ClimateForce have partnered to create the world’s first Smart Rainforest using NTT’s Smart Management Platform technology. This groundbreaking initiative aims to regenerate a section of Australia’s Daintree Rainforest and establish sustainable and cost-effective models for environmental restoration efforts around the world. ClimateForce is regenerating a section of Australia’s Daintree Rainforest that had been razed for agriculture decades ago. The land, which is adjacent to the Great Barrier Reef, has since become infested with invasive plant species. NTT’s…