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 ...
MILAN – Arabica Coffee futures in New York reached new highs on Tuesday over renewed concerns that the Brazilian harvest may turn out to be lower than estimated. The benchmark contract for September delivery closed at142.75 cents a pound, its highest close since April 18.
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.
NEW YORK/LONDON – Arabica coffee futures in New York set back from highs met early in the day, pressured by technical resistance following a four-day rally. Dealers said short-covering lost momentum when prices neared a technical resistance around the 140 cents/lb mark.
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 ...
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.
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 ...
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.
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.
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.