Author: Shraddha Warde
The fundraising was co-led by Wa’ed – the venture capital arm of Saudi Aramco and the Savola Group Red Sea Farms, Saudi Arabia and UAE AgTech business whose one-of-a-kind technology enables commercial farming using low energy, zero freshwater sustainable climate control, announces an $18.5 million strategic fundraising. The fundraising was co-led by Wa’ed – the venture capital arm of Saudi Aramco and the Savola Group – the leading strategic investment holding group in MENA food and retail, through their corporate venture capital program. KAUST Innovation Fund, one of Red Sea Farms’ original investors, is also participating, along with OlsonUbben LLC,…
ADB has provided a $225,000 grant for the study, which will analyse the current policy and regulatory environment in the Central Asian nation The Asian Development Bank (ADB) has begun exploring opportunities to accelerate the retirement of coal and other fossil fuel plants in Kazakhstan and replace or repurpose them with clean energy under the bank’s Energy Transition Mechanism (ETM) program. Following a request from the Ministry of Energy of Kazakhstan, ADB has initiated a pre-feasibility study to help the government identify coal-fired and combined heat-power plants that could be potential candidates for accelerated retirement. ADB has provided a $225,000 grant for the study,…
The pepper and spice industry contributed to a total of over $1.4 billion in export revenue in 2022 Hoang Thi Lien, President of the Vietnam Pepper Association (VPA) stated that the current export revenue of pepper and spices has reached $1.4 billion. Although this figure may be slightly ambitious under current conditions, the growth rate of this industry is quite good when the market returned to pre-COVID conditions. Pepper exports have previously reached $1.1 billion. When demand is high and supply is limited, there will be pressure on prices, and the expected figure of $2 billion is feasible. In addition,…
UK provides £24.5 million of International Climate Finance to accelerate innovative monitoring of forests To celebrate Earth Day, the Food and Agriculture Organisation of the United Nations (FAO) and the United Kingdom launched AIM4Forests, a five-year programme designed to accelerate country capabilities in forest monitoring as a part of global efforts to stop deforestation and forest degradation, and restore forests. More than 420 million hectares of forest have disappeared since 1990. And although deforestation rates have slowed down significantly, 10 million hectares are still being lost every year. Through the pledges made at the UN’s climate talks in Glasgow in 2021, world leaders committed…
The country’s grain output is expected to reach 694 million tonnes in 2023 China will see a steady expansion in grain production this year amid the country’s continuous efforts to ensure a safe supply of grain and major farm produce, according to Xinhua news agency. The country’s grain output is expected to reach 694 million tonnes in 2023, with the output of rice and wheat remaining stable and that of corn and soybean increasing, according to a report released by the Ministry of Agriculture and Rural Affairs on the outlook of China’s agricultural sector. The report also forecast a substantial…
Became the first Prime Minister to ever taste 3D-printed cultivated fish Steakholder Foods Ltd, an international deep-tech food company at the forefront of the cultivated meat industry, announced that it was proud to host Benjamin Netanyahu, Prime Minister of Israel, who explored the latest advancements in cultivated meat and 3D bio-printing and tasted 3D-printed cultivated fish and meat products at the cutting edge of food tech. During his visit, the Prime Minister had the opportunity to tour the company’s facilities, see firsthand how Steakholder Foods’ industrial-scale 3D bio-printer works, and learn about its potential to print tons of cultivated meat per…
The ODA from South Korea is in line with the Philippines’ three-year Agriculture Development Program The Philippines Department of Agriculture (DA) will be undertaking a three-year Official Development Assistance (ODA) program that seeks to provide guidance to the ten selected machinery manufacturers and fabricators in the country. Under ODA, the Technology Advice and Solutions from Korea (TASK) will be carried out to aid local Filipino companies in resolving onsite technical difficulties of machinery and other farm facilities. The initiative is led by the Korea Association of Machinery Industry (KOAMI) with Korea Agricultural Machinery Industry Cooperative (KAMICO) and DA’s-Philippine Centre for…
Pathorol, a patent-pending product, was developed to support a healthy hepatopancreas and digestive system for shrimp Kemin Industries has launched Pathorol, a shrimp supplementation product that improves the health of the hepatopancreas, an organ in the crustacean’s digestive tract, for customers in India, Thailand, Vietnam, Indonesia and Singapore. For shrimp to thrive in a farm-pond setting, maintaining healthy digestive systems is a key component in supporting good shrimp husbandry. Multiple agents contribute to slow or stunted growth in shrimp. Supporting a healthy digestive system is part of a multi-faceted set of tools producers can use to support healthy growth rates in shrimp. By protecting the hepatopancreas…
The fresh list incorporates 241 varieties of agricultural products that are set to be specifically promoted China’s Ministry of Agriculture and Rural Affairs has recently launched its 2023 list of high-quality agricultural products, ministry official Yang Haisheng said. The fresh list incorporates 241 varieties of agricultural products that are set to be specifically promoted, according to Xinhua news agency. These varieties roughly fall into four categories: grains, oil crops, vegetables, and major strategic resources. This is the first time China has created a national catalogue of quality farm produce, with an aim to accelerate variety renewal and improve crop yields.…
Slade Gorton currently offers more than 800 premium seafood products Cooke Inc. has completed the acquisition of Slade Gorton, one of the United States’ largest distributors, importers, and manufacturers of fresh and frozen seafood. Headquartered in Waltham, MA, Slade Gorton maintains a storied legacy and a heritage spanning over 95 years in the seafood industry. Slade Gorton will continue to be led by fifth-generation family members Kim Gorton, CEO, and her brother Mike Gorton Jr., EVP, Business Development, who will both remain in their roles and continue to be invested in the ongoing growth and success of the business. Slade…