Author: Shraddha Warde
The world’s first cultivated steak is anticipated to launch in Singapore and Israel later this year Aleph Farms, an Israeli food technology company announced the launch of its first product brand, Aleph Cuts. Under the Aleph Cuts brand, the company will market its first product, the Petit Steak, the world’s first cultivated steak anticipated to launch in Singapore and Israel later this year, pending regulatory approvals. Developed in partnership with brand and experience design agency, BOND, this branding initiative distinguishes Aleph Farms’ products and builds momentum ahead of commercialisation and subsequent engagement with customers and end consumers. “With the launch…
The fund will be used to purchase pesticides and other tools needed for the prevention and control of crop pests and diseases China has recently earmarked its first round of funding this year to protect agricultural production from pests and diseases, according to the Ministry of Finance (MOF). The MOF and the Ministry of Agriculture and Rural Affairs jointly allocated these funds to about 1.25 billion yuan (about $181.8 million). The MOF said the fund will be used to purchase pesticides and other tools needed for the prevention and control of crop pests and diseases, adding that the funds will…
WWF and Finance Earth launch Blue Finance Innovation for fisheries improvement Skretting and Cargill have joined a new initiative, launched by World Wildlife Fund and Finance Earth, which aims to provide over $100 million to ensure the transition to more sustainable fisheries worldwide. The innovative financing model focuses on reversing the trend of fisheries decline and scaling global fisheries improvements toward nature-positive outcomes for healthier marine ecosystems, thriving fishing communities and a sustainable blue economy. Finance Earth, a leading impact investment advisory and fund manager will establish and manage this new mechanism – called the Fisheries Improvement Fund (FIF). The…
EAG is the first and biggest producer in the UAE to grow blueberries Elite Global Fresh Trading (EGFT), a subsidiary of Yas Holding’s agriculture division Elite Agro Holding (EAG) and a leading UAE trader of fresh produce, has expanded its international footprint by exporting highly in-demand blueberries to the new destinations of Japan, Cambodia, Thailand and India, adding to its existing export markets of Singapore, Malaysia and Hong Kong. EAG is the first and biggest producer in the UAE to grow blueberries, and the first Emirati company to export to markets like Japan that have a tough requirement for high-quality…
The MoU allows Sumitomo to distribute Nutrition Technologies’ products into the Japanese market for use in a range of sectors Nutrition Technologies, a Singapore-based insect farming startup, has signed a $100 million MoU with Sumitomo Corporation. The MoU allows Sumitomo to distribute Nutrition Technologies’ products into the Japanese market for use in a range of sectors, including pet food and aquafeeds. The MoU will enable them to extend their commercial reach in Japan, thanks to Sumitomo Corporation’s extensive distribution network and aligned companies within their group. “This distribution agreement not only secures supply for our existing customers and the strength…
For the third year in a row, SABIC has been recognised for its innovations Saudi Arabia’s SABIC Solutions has been awarded five of the prestigious Edison Awards 2023 for its innovative solutions, designed to meet the needs of its customers and the broader value chain, and as well aligned with SAUDI Vision 2030. This is the third year in a row SABIC’s solutions have been recognised by Edison Awards, which honour the world’s most innovative new products, services, and business leaders, and this is the second year in a row that SABIC received at least five Edison awards. SABIC won…
Agricultural technology to boost China’s crop yield report said Agricultural science and technology will help China increase crop yield in the next decade, according to a report on the country’s agriculture prospects by the Market Early Warning Expert Committee of the Ministry of Agriculture and Rural Affairs. The China Agricultural Outlook Report (2023-2032), released at the 2023 China Agricultural Outlook Conference held at the Chinese Academy of Agricultural Sciences, reviewed the market situation of China’s major agricultural products in 2022, and projected the production, consumption, trade, and price trends of these products in the next decade. China’s total grain output…
Each power plant consists of 79 wind turbines, for a total of 158 turbines that will generate 3,235 gigawatt-hours The Asian Development Bank (ADB) and ACWA Power Company (ACWA) signed $174 million worth of loans to develop the Bash wind power and Dzhankeldy wind power plants, both located in the Bukhara region in Uzbekistan. The financing comprises loans amounting to $40.5 million for Bash and $46.5 million for the Dzhankeldy funded through ADB’s ordinary capital resources. ADB will also administer $40.5 million for Bash and $46.5 million for Dzhankeldy from Leading Asia’s Private Infrastructure Fund (LEAP), administered by ADB. Each power plant consists of…
FAO Director-General addresses G7 meeting of Agriculture ministers in Japan With hunger levels rising and domestic food prices inflation soaring in much of the world, collective actions are necessary to meet immediate and longer-term global food security objectives, QU Dongyu, Director-General of the Food and Agriculture Organization of the United Nations (FAO), said at the G7 Ministers of Agriculture Meeting. “We need to work together in an efficient, effective and coherent manner to address the challenges, and identify the solutions needed for concrete actions leading to tangible results on the ground,” he said. Qu pointed to five key actions in need…
In 2023, CEPC Green Corridor is focusing on improving land cultivation area, water management and better access to seeds, fertilisers, farm mechanisation, credit, irrigation China-Pakistan Green Corridor (CPGC) in the year 2022 recorded growth of 4.4 per cent, a target was decided at 3.5 per cent. In 2021 growth was recorded at 3.48 per cent. China-Pakistan agricultural cooperation has deepened in 2022 and has reached $730 million with a year-on-year increase of 28.59 per cent. Export under the project is expected to reach $1 billion in 2023. In 2023, CEPC Green Corridor is focusing on improving land cultivation area, water…