Author: Shraddha Warde

Lier Chemical expressed that in the face of a complex market environment in 2022, the company actively overcame adverse factors. The Chinese company, Lier Chemical achieved total revenue of ¥10.124 billion in 2022, a year-on-year growth of 55.90 per cent, a net profit attributable to shareholders of listed companies reached ¥1.812 billion, up 68.97 per cent year on year, and a non-net-profit was ¥1.852 billion, up 74.18 per cent year on year. Lier Chemical expressed that in the face of a complex market environment in 2022, the company actively overcame adverse factors such as repeated domestic epidemics, high-temperature power limit and…

The Olam Agri IPO would be the first dual-listing for a company on these two bourses and the first ever listing in Saudi Arabia of a non-Gulf Cooperation Council-incorporated business. Singapore based Olam Group announced that it plans to list its majority-owned agri-business subsidiary, Olam Agri Holdings (OAHPL), which holds the Olam Agribusiness, as early as H1 2023 (the Olam Agri IPO). Olam Agri is a food and agribusiness with a global origination and merchandising footprint, processing capabilities and an understanding of food and agricultural market needs built over 33 years. With its presence across emerging markets and global capabilities,…

CAAS will focus on six fields including seed research and development, arable land conservation, agricultural machinery and equipment, agricultural bio-security and green agriculture. The Chinese Academy of Agricultural Sciences (CAAS) will continue to promote scientific and technological innovation to support the construction of a strong agricultural sector in China, according to Xinhua news agency. According to the CAAS, innovation efforts in 2023 will focus on six fields. These fields are — seed research and development, arable land conservation, agricultural machinery and equipment, agricultural bio-security, green agriculture, and rural development. Wu Kongming, president of the CAAS, highlighted the role of sci-tech…

Aquagrain, Orbisk, Revoltech, and Sustainable Planet will receive a combined prize of up to US $2 million to scale up their business models in the UAE. The second edition of the global FoodTech Challenge, which seeks to find the next wave of technology innovations on the cusp of transforming traditional agriculture practices, efficiently and sustainably, announced the competition’s four winners at an awards ceremony at Abu Dhabi Sustainability Week (ADSW) 2023. The winners, Aquagrain, Orbisk, Revoltech, and Sustainable Planet, were selected from a pool of 12 finalists chosen from an initial 667 submissions from 79 countries. The finalists, who showcased their high-tech…

The long-term agreement will begin in June of 2023 and will initially be focused on supply in North America. Israel based ICL, a leading global speciality minerals company, announced it will be the strategic speciality phosphate solutions supplier to General Mills. The long-term agreement will begin in June of 2023 and will initially be focused on supply in North America, with the potential for international expansion. “Our focus is always on the customer and on delivering best-in-class products, quality and service. We’re pleased General Mills appreciates our efforts and is also dedicated to providing best-in-class products to their customers,” said…

The draft Fisheries Plan has 3 outcomes focused on the environment, sustainable utilisation, and better governance. Fisheries Department New Zealand has invited people’s views on a draft Fisheries Plan to help restore and protect the Hauraki Gulf. Emma Taylor, Director fisheries management, said, ‘Revitalising the Hauraki Gulf: Government action on the sea change plan’ is one of the key long-term fisheries management actions in the Government’s strategy, Revitalising the Gulf, which seeks to restore the waiora and mauri of one of New Zealand’s most important marine environments. “The draft Fisheries Plan has 3 outcomes focused on the environment, sustainable utilisation,…

The college has received AED 70 million for an external multidisciplinary research project in agriculture. UAE’s College of Agriculture and Veterinary Medicine seeks to provide advanced and accredited educational programs in the agriculture, veterinary and nutrition fields to prepare qualified competencies that meet the needs of the labour market and to provide applied research and distinguished advisory and training services to the local community. The college also contributes to agricultural development, food and environmental security applying the best standards and developing strategic partnerships with local and international companies and entities in line with the 2023 college’s plan. The college has…

ASC’s Feed Standard tackles one of the biggest drivers of the environmental and social impacts of aquaculture. The Aquaculture Stewardship Council (ASC) has announced, feed mills can apply for certification to ASC’s Feed Standard which covers legal, social, and environmental requirements for both the feed mill’s own operations and for the suppliers of ingredients used in their feed production. ASC-certified farms have until January 14th, 2025 (24 months) to switch to ASC-compliant feed to continue meeting the ASC Farm Standards.  ASC’s Feed Standard tackles one of the biggest drivers of the environmental and social impacts of aquaculture – the manufacturing…

The EU is a major palm oil importer and the law agreed to in December, has raised an outcry from Indonesia and Malaysia. Malaysia and Indonesia, the world’s largest palm oil producers, have decided to jointly deal with the latest EU act on deforestation affecting palm oil exports. The European Union previously announced that it planned to restrict the import of palm oil products involved in deforestation in the production process. Malaysia is actively discussing with Indonesia the feasibility of completely stopping the export of palm oil to the EU. The EU is a major palm oil importer and the…

The NDRC made the suggestions in a meeting held recently with some large slaughter firms in response to weak hog prices. China’s top planning body has asked slaughter firms to increase commercial stocks of pigs to help revive market demand and drive up sluggish hog prices. The National Development and Reform Commission (NDRC) also said it would take timely measures, such as increasing meat reserves if needed to promote hog market stability. Pigs are a popular food in China and changes in hog prices have an impact on inflation. The NDRC made the suggestions in a meeting held recently with…