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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 ...

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 ...

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.

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.

Tata Global Beverages ties up with Alibaba to take Tetley tea bags to China

NEW DELHI, India – About 300 years after the British East India Company introduced tea plantations in India to kill Chinese monopoly on its trade, the Indian owners of a classic British tea brand are introducing it in China. Tata Global Beverages Ltd has entered a tie-up with e-commerce firm Alibaba to sell Tetley tea bags ...

Scientists improve Vietnam’s coffee processing with enzyme technology

HANOI – There are two major methods – wet and dry processing – to process harvested coffee beans. In the traditional method of dry processing, coffee beans are cleaned and dried under the sun for 7-10 days before they are husked. In bad weather with too much rain and little sun, farmers have to dry coffee beans with driers, but ...

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 ...