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Chocolate could get more expensive due to unrest in Cote d’Ivoire

ABIDJAN, Cote d’Ivoire – The price of cocoa extended its biggest weekly rise in five years as a revolt unravels in Cote d’Ivoire, which produces almost half of the world’s cocoa beans. The African country’s army has failed to reach a deal with mutinous soldiers who are demanding delayed bonus payments.

Olam International reports 26.6% growth in PATMI for first quarter of 2017

SINGAPORE – Olam International Limited (Olam, the Group or the Company) today reported improved year-on-year earnings for the quarter ended March 31, 2017 (Q1 2017). This was primarily due to improved operational performance, which offset higher depreciation and amortisation and finance costs resulting from ...

Vietnam’s NutiFood to invest in high-tech coffee processing factory

HANOI, Vietnam — Việt Nam Nutrition Food JSC (Nutifood) on Thursday signed a co-operation agreement with the provincial People’s Committee of Đắk Lắk to invest in high-tech agriculture. Under the agreement, NutiFood committed to developing provincial high-tech agriculture in the coffee industry by ...

Uganda needs a caffeine fix: insights from Vietnam’s coffee miracle

LONDON, UK – Until recently Vietnam and Uganda shared a similar trajectory in the development of their coffee sectors. Today, Vietnam has emerged as the second largest coffee producer in the world. In Uganda, poor agricultural inputs and a failing institutional environment have resulted in low yields and slower development of the sector.

Ethiopia: documents recommends changes to the coffee trading system

ADDIS ABABA, Ethiopia – A document drafted by a group of 20 people representing the public and private sector, and refined by an institution called Economy Success Planning Sector, formed under the Office of the Prime Minister and led by Arkebe Oqubay (PhD), which attempted to figure out how to improve the coffee trade ...

AI-powered platform launches to transform the global coffee supply chain

DENVER, U.S. – bext360, a technology company that develops technologies to streamline critical supply chains in emerging economies, today announced that it is launching out of stealth with its first product, along with its "bext-to-brew" platform. This platform uses blockchain, artificial intelligence, and IoT to revolutionize the coffee supply chain.

Olam combines financial and sustainability reporting for the first time

LONDON, UK – Olam International Limited (“Olam’’) has merged its Annual Report with its Corporate Responsibility and Sustainability Report for the first time, reflecting the interdependence of economic, social and environmental performance for the global agri- business and the importance of creating value across all three fronts.

Greece Food Expo welcomed more than 60,000 industry professionals

ATHENS, Greece – The fourth edition of Greece Food Expo, which took place at the Metropolitan expo centre in Athens March 18-20, 2017, welcomed more than 60,000 industry professionals from 25,000 companies active in Greece, Cyprus and 60 other countries around the world, according to the organisers.

Update to a report of damage at an ICE licensed cocoa warehouse

NEW YORK, U.S. – On March 20, 2017, ICE Futures U.S. issued a notice that the licensed cocoa warehouse operated by Camden International Commodities, at 2nd and Clinton Street (BLDG H) in Camden, NJ, in the Port of Delaware River, had sustained damage to a skylight caused by heavy snow.

India, Vietnam lift import bans on coffee, pepper and other agro-products

HANOI, Vietnam – The back-to-back bans have prevented Indian roasters from securing coffee beans while pepper prices in Vietnam have dropped to multi-year lows. India and Vietnam have removed bans issued earlier this month on imports of several key agricultural commodities, including coffee and pepper, the Vietnamese government ...