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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.

Ghana suffers big losses in cocoa revenue due to slump in prices

ACCRA, Ghana – Reports chanced upon by APA on Monday indicates that Ghana has suffered big losses in cocoa revenues due to a slump in world prices. The price of cocoa has fallen by almost 20 percent over the last from six months, as global production has increased by 15 percent.

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.

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 ...

New reference data solution launched for exchange-traded derivatives

NEW YORK, U.S. – Intercontinental Exchange, a leading operator of global exchanges and clearing houses and provider of data and listings services, announces the launch of ICE Data Services’ new reference data solution for ICE’s futures exchanges. ICE operates five futures exchanges across the U.S., U.K., Europe, Canada and Singapore ...