Browsing: Food & Drink
The Mozambican government has announced the complete liberalization of the price of bread, and the removal of subsidies to flour mills - saying Mozambique’s rising currency and falling global flour price would cushion the impact of the measures. [...]
Mozambique today announced a total ban on imported chicken from all countries, and the import of all meat products from Brazil, in response to a police investigation into meat production standards in Brazil which found evidence of exporters bribing health [...]
South African sugar and maize producer Tongaat Hulett expects sugar output to return to previous levels over the next two years, due to the “excellent rainfall” in early 2017. Tongaat Hulett has two estates in [...]
Dutch beer company Heineken has started preliminary work on a new brewery in Mozambique that could be operational in late 2018, Zitamar News has learned.
Mozambique’s brewing monopoly Cervejas de Moçambique (CDM) has seen its profits drop 64% this year so far, due to the country’s economic crisis restricting access to foreign exchange, the company said. In a
Consumer price inflation in Mozambique hit a record high of 24.90% over the last 12 months, according to national statistics agency INE, and looks set to increase further as regulated prices rise and the value of the currency continues to fall. [...]
No agreement on whether to raise the price of bread has yet been reached between the government and all the different players in the bread industry, despite official statements to the contrary. Negotiations with flour millers are still ongoing and deal is only expected to be announced next [...]
Wheat produced in the Mozambican province of Tete is being sold to Malawi rather than supplying the domestic market, at a time when Mozambique is spending $400 million a year on wheat imports. Around 700 farmers [...]
Mozambique’s government is likely to announce a rise in the price of bread in the coming days, after having blocked a unilateral decision by the bakers’ association to raise prices at the start of July. The [...]
Cervejas de Moçambique (CDM), the Mozambican brewery majority-owned by South African drinks giant SABMiller, has posted a 17% increase in revenues in the 12 months to the end of March 2016, driven by higher beer sales in Mozambique.