Food – Billionaire Room

PIC Moves to Offload Daybreak Foods After R1.7 Billion Poultry Investment Collapses Into Business Rescue

South Africa's Public Investment Corporation has confirmed it is actively seeking a buyer for Daybreak Foods, the country's once-celebrated black empowerment poultry producer, after more than a decade of mounting…

Isabella Conti April 12, 2026

Food

Olam Group Deploys $1 Billion AI Transformation Across Its 60-Country Farm-to-Fork Supply Chain

Olam Group, one of the world's largest food and agribusiness conglomerates, has commissioned a sweeping digital overhaul of its global operations, signing an eight-year, $1 billion-plus engagement with Wipro to…

Isabella Conti April 9, 2026

Food

McCormick and Unilever Combine Food Businesses in $44.8 Billion Deal to Build a $65 Billion Global Flavour Giant

McCormick & Company and Unilever have announced one of the most consequential restructuring moves in the global packaged food industry in years. In a cash-and-stock transaction announced on 1 April…

Isabella Conti April 5, 2026

Food

Bunge Global Raises $1.2 Billion in Senior Notes as Post-Viterra Integration Enters Acceleration Phase

Bunge Global SA has tapped the U.S. debt capital markets for $1.2 billion, pricing a dual-tranche offering of senior unsecured notes that closed on March 19, 2026. The transaction marks…

Isabella Conti March 29, 2026

Food

AFS Forum Confirms 2026 Kigali Summit as Platform to Unlock Billions in Africa’s Agri-Food Investment

The AFS Forum has officially confirmed that its 2026 summit will take place on 31 March at the Kigali Convention Centre in Rwanda, positioning the event as a central platform…

Isabella Conti March 22, 2026

Food

Brazil’s Frigol Targets 60% Beef Output Expansion Through New Slaughterhouse Partnerships in Rondônia

Brazilian beef processor Frigol has announced a major capacity expansion strategy aimed at increasing its annual beef production by 60% in 2026, leveraging new operational partnerships with regional slaughterhouses in…

Isabella Conti March 13, 2026

Food

South Africa’s Agricultural Exports Hit R268.7 Billion in 2025, Government Accelerates Market Diversification Strategy

South Africa’s agricultural export sector has reached a new milestone, with total agricultural exports climbing to R268.7 billion by the end of 2025, according to newly disclosed government data highlighting…

Isabella Conti March 6, 2026

Food

ADM Commits $420 Million to Expand Decatur Soy Processing Capacity, Targeting 15% Output Increase by 2027

Archer Daniels Midland Company (ADM) has committed $420 million to expand soybean processing capacity at its Decatur, Illinois complex, the company confirmed on 22 February 2026. The investment will increase…

Isabella Conti February 23, 2026

Food

China’s COFCO Commits $1.2 Billion to Expand Brazilian Soy Processing Capacity by 5 Million Tonnes

China’s state-backed agribusiness giant COFCO has announced a $1.2 billion investment to expand soybean crushing and export infrastructure across Brazil, adding 5 million tonnes of annual processing capacity in key agricultural states…

Isabella Conti February 15, 2026

Food

SALIC Commits $500 Million to Expand Black Sea Grain Export Infrastructure in Ukraine

Saudi Agricultural and Livestock Investment Company (SALIC) has committed approximately $500 million to expand grain handling and export infrastructure across Ukraine’s Black Sea logistics corridor, marking one of the most significant agribusiness…

Isabella Conti February 5, 2026