Thursday, November 16, 2017
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Cocoa prices slightly down in July on expectations of higher production

ABIDJAN, Ivory Coast – The current review of the cocoa market situation reports on cocoa price movements on the internatio...

Olam International reports 28.5 percent PATMI growth for Q2 2017

SINGAPORE – Olam International Limited (Olam, the Group or the Company) reported higher earnings for the quarter (Q2 2017) and six months ended June 30, 2017 (H1 2017). For Q2 2017, Profit After Tax and Minority Interest (PATMI) increased 28.5% year-on-year on improved operational performance ...

Olam International Limited announces completion of debt refinancing

SINGAPORE – Olam International Limited (“Olam’’ or the “Company”), a leading agri-business operating across the value chain in 70 countries announced today that it has secured a revolving credit facility (the “Facility”). Olam Treasury Pte Ltd (a 100% owned subsidiary of Olam) is a co-borrower and the Facility is guaranteed by the Company.

What are Ghana’s real chances to become a player in the global market?

Ghana appears to have a dream of becoming a coffee exporter. But that dream seems as remote as it can possibly be, considering the robust global coffee market and the unrelenting competitiveness of the market leaders. “Exports in the first eight months of coffee year 2016/17 (Oct/16 to May/17) have increased by 5 per cent to ...

Ethiopia: ECX plans to introduce identity preserve trade for coffee

ADDIS ABABA – The Ethiopian Commodity Exchange (ECX) has been building regional trading centers to improving its accessibility across the country, particularly around major regional agricultural hubs. The exchange has been building regional trading centers in Hawassa, Nekemete, and Humera whose constructions are fully completed.

Vietnam coffee shipments were down over 15 percent in first half

MILAN – Coffee shipments from Vietnam, the world’s largest producer and exporter of the Robusta variety, are expected to drop an estimated 15.5 percent in the first half of calendar year 2017, government data showed on Thursday. Exports are estimated at 829,000 tonnes, or 13.8 million 60-kg bags during the January-June period ...

100,000 smallholders registered to Olam’s ‘one-stop tech platform’

LONDON, UK – Recent enhancements to the Olam Farmer Information System (OFIS) mean that 100,000 smallholder farmers now benefit from access to detailed information about their farms and many of their international customers now have unparalleled visibility into the production of emerging market crops like cashew and coffee.

Coffee farmers in Jamaica urged to adopt best practices for sustainability

ST. ANDREW, Jamaica – A call has been made for players in the coffee industry to utilise best practices for its sustainability. Making the call, Member of Parliament for East Rural St. Andrew, and wife of the Prime Minister, the Most. Hon. Juliet Holness, says the industry is a mainstay of her constituency, and a major export commodity for Jamaica.

Marcus Reis appointed as new global coffee head of Louis Dreyfus

PARIS – Commodity trader Louis Dreyfus Company has appointed Marcus Reis, as its new global head for coffee, effective immediately, the group said on Thursday. A longstanding oilseed manager at the firm, Reis replaces Mikael Morn, who had served in the role since January 2015 and who will leave the company for personal reasons

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.