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Global food prices rise

Global food prices rise

According to the World Bank’s most recently published Food Price Watch Report, international food prices increased by 4% between January and April 2014, interrupting sustained declining trends in food prices observed since August 2012. A sharp 4% monthly increase took place in February, followed by a more subdued increase in…

Sino Zimbabwe opens $17mln plant, launches tobacco funding scheme

Sino Zimbabwe opens $17mln plant, launches tobacco funding scheme

Chinese firm, Sino Zimbabwe Cotton on Thursday opened its $17 million spinning plant and ginnery near Hopley in Harare and said it was launching a $3 million input scheme for tobacco growers. President Robert Mugabe commissioned the  plant which the company hopes will double its 30 000 spinners capacity, depending…

Online Livestock Auction Transacts US$3 Million

Online Livestock Auction Transacts US$3 Million

Local agro start-up company, Remote Livestock Marketing System has done transactions worth US$3 million this year through its online livestock marketing platform, a company official has said. The company which runs an online livestock auction created 18 months ago announced that it had achieved bottom-line success since pilot launch. RLMS…