Author: Shraddha Warde

Pagoda Group will issue about 78.9 million shares globally. China’s largest fruit retailer Pagoda Industrial Group successfully listed on the Hong Kong stock exchange, with its share price rising more than 20 per cent as well as garnering a total market value of 9.47 billion HKD ($1.21 billion), becoming the first fruit company to go public in the market arena. Pagoda Group will issue about 78.9 million shares globally. The 7.9 million to be issued in Hong Kong were oversubscribed 12.2 times, while the international tranche was oversubscribed 2.8 times, according to the local media. Forty-five per cent of the proceeds,…

Fresh Up Your Life, support the promotion of high-quality, nutritious and healthy fresh products in the United Arab Emirates until 2025. In the first half of 2022, the UAE recorded an import rate of over 41,000 tonnes of food per day. The figure is forecasted to grow due to a number of factors, including population growth, the strong demand for imported products by foreigners living in the country and the significant expansion of the tourism sector with a high number of new hotels and resorts opened in recent years. Consumers in the UAE have begun to include more fresh fruits and vegetables…

In a global partnership, YCH will be a preferred supplier of NZ Hops products around the world. Yakima Chief Hops (YCH), a 100 per cent grower-owned global hop supplier, and New Zealand Hops Ltd. (NZ Hops), the only Grower Cooperative in New Zealand have entered into a global partnership. This is a defining moment in the hop industry as two organisations who share similar values as being grower-led change the game by joining the most important aroma hop markets in the world to bring tremendous tasting and aromatic hops to brewers around the globe. Always pursuing its mission to connect brewers and growers,…

The project, ‘Environment and hydroponic strategies to enhance tomato stress tolerance, productivity and quality in Qatar’ A Texas A&M research project is underway to significantly enhance tomato yield in Qatar. The project is jointly undertaken by Texas A&M AgriLife Research, Texas A&M University at Qatar, a Qatar Foundation partner university, and Agrico, sponsored by Qatar National Research Fund. The project, ‘Environment and hydroponic strategies to enhance tomato stress tolerance, productivity and quality in Qatar’, is being conducted at the Agrico farms, located near Al Khor. The researchers are assessing various genotypes of tomatoes from around the world to see which…

A cooperation agreement is expected to be signed between the Malaysian Agricultural Research and Development Institute (MARDI) and the Agricultural Research, Education and Extension Organisation (AREEO). Iran and Malaysia to share their experience and expertise in the field of agricultural research and development as well as the latest technology in crop irrigation and water management systems. Mohamad Sabu Minister of Agriculture and Food Security and Ali Asghar Mohammadi Iranian Ambassador to Malaysia discuss the cooperation during a meeting at the Ministry of Agriculture and Food Security (MAFS). According to the local media, the meeting was held to enhance bilateral cooperation…

MoU to focus on FoodTech and AgriTech projects, business opportunities, and knowledge transfer through events. The world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise – and the Bharat Subcontinent Agri Foundation (BSAF) have signed a memorandum of understanding (MoU) that will see the two entities collaborate to advance the global agricultural (agri) commodities sector between the UAE and South Asia. The agreement was signed by Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer of DMCC, and Sudhakar Tomar, Chairman of BSAF, at the inaugural South Asia Agri Summit in Kathmandu, Nepal. Targeting the…

In 2022, Egypt opened 16 new markets for its agricultural products, including China, Japan, New Zealand, Philippines, Pakistan and the US. Egypt’s agricultural exports reached 6.3 million tons in 2022, marking a new record high, with an increase of more than 624,000 tons from 2021, according to the Egyptian Ministry of Agriculture. This came “despite the repercussions of the coronavirus pandemic, the Russian-Ukrainian crisis, the disruption in international trade movement,” the ministry said. In 2022, Egypt opened 16 new markets for its agricultural products, including China, Japan, the US, New Zealand, Philippines, Chile, Uruguay, Venezuela, El Salvador, Costa Rica, Tunisia,…

Bayer CropScience’s herbicide-tolerant genetically modified alfalfa received its first approval after waiting as long as ten years.  The Ministry of Agriculture and Rural Affairs of the People’s Republic of China has approved imports of eight genetically modified (GM) crops, which includes GM alfalfa for the first time. After a decade-long wait, the Chinese agriculture ministry gave approval for five years. At the same time, Beijing pledged to speed up the approval process of genetically modified products and promote the commercialisation of genetically modified products in the market under the first phase of the trade agreement reached with the United States in 2020. This approval not…

Egypt’s government will afford about EGP 10 billion as the interest rate spread to aid the sectors. The Egyptian government has approved an initiative to support the agricultural and industrial sector with EGP 150 billion ($5.4 billion) worth of loans at a subsidised 11 per cent interest rate, Mostafa Madbouly Prime Minister informed this in a press conference. The Prime Minister mentioned that it would replace the Central Bank of Egypt’s (CBE) initiative that backs industries with an interest rate of 8 per cent. Madbouly also said that the Federation of Egyptian Industries (FEI) and the Federation of Egyptian Chambers…

In support of its sustainability goals, Food Crowd obtains a variety of fruits and vegetables from regional farms in the United Arab Emirates. Food Crowd, the UAE’s local online shopping platform, announced its dedication to assisting regional farmers and elevating the value of consuming locally farmed food. Along with its extensive supply of local products and golocal cashback reward program, Food Crowd is continually enhancing its platform to help and encourage the nation to support domestic farmers and take part in lowering carbon footprints in the New Year. In support of its sustainability goals, Food Crowd obtains a variety of…