Archive for May 3rd, 2021

ROME, ITALY — A coalition of multilateral development banks and development partners including the Africa Development Bank and the UN International Fund for Agricultural Development (IFAD) have pledged more than $17 billion to fight rising hunger and improve food security in Africa.

The announcement was made April 30 during “Feeding Africa: leadership to scale up successful innovations,” a high-level forum hosted by the Africa Development Bank and IFAD in partnership with the Forum for Agricultural Research in Africa (FARA) and the ...

RIYADH, SAUDI ARABIA — Having recently sold its flour mills to private firms, the Saudi Arabian government is now preparing to sell some of its grain silos as part of its plans to boost the private sector’s contribution to its economy, Bloomberg reported on May 3.

It said state-owned Saudi Grain Organization (SAGO) plans to begin selling grain storage facilities this year and will seek bids from foreign and local firms.

In the past year, SAGO sold its flour mills to a ...

CANBERRA, AUSTRALIA — Australia’s grain production is expected to reflect average output in the 2021-22 marketing year after a strong drought-recovery in the previous year, according to a Global Agricultural Information Network (GAIN) report from the US Department of Agriculture (USDA).

Despite favorable conditions around the time of winter planting, the USDA anticipates Australia’s production to be down from the 2020-21 marketing year’s record-breaking wheat crop and barley crop that was the second largest on record.

Australia is projected to produce 27 ...