Olam launches a sustainable and traceable sourcing solution for agricultural raw materials

SINGAPORE - Olam International, a leading global agri-business has launched AtSource, a sustainable and traceable sourcing solution that will provide unrivalled environmental and social insights into the journey of agricultural raw materials. It will also help in getting food ingredients from the farm to manufacturing and retail customers. AtSource will also enhance Olam’s ability to…

Olam launches ‘net-positive’ sustainability policy

SINGAPORE - Olam International has launched a ‘net-positive’ sustainability policy applicable to commodities globally for direct and indirect sourcing with an aim to re-generate rural landscapes and eco-systems. Under the program, deemed Olam Living Landscapes Policy (OLLP), offers a net-positive approach to agricultural supply chains and landscape management, and aims to adopt principles that support…

Olam secures financing facilities from Asian Development Bank for US$163m

SINGAPORE - Olam International Limited, a leading agri-business operating across the value chain, has secured medium term financing facilities aggregating US$163 million from the Asian Development Bank (ADB) and Japan International Cooperation Agency (JICA). The Facilities consist of two tranches; a US$83 million, 5-year facility for the Company and a US$80 million, 7-year facility for…

Olam considers expanding into fish farming in Africa to tap on growing demand

NIGERIA - Olam, Singapore-based global agribusiness company is conducting a feasibility study on fish farming in West Africa, especially Nigeria as it considers expansion strategy in a continent where protein demand is rising. A surge in population growth, rising incomes and urbanization are mounting pressure on the livestock sector to meet the growing demand for…

Producers fault proposed palm oil importation under ETLS

NIGERIA - Stakeholders and members of the Plantation Owners Forum of Nigeria (POFON) have urged the Federal Government to dismiss the proposed application by OLAM to import some oil palm products under the West African Trade Liberalisation Scheme (ETLS). OLAM plans to import 95,000 metric tonnes (MT) of crude palm oil, 50,000 MT of Stearin…

President opens Olam’s poultry feed mill, hatchery and breeder farms

NIGERIA – Olam International Limited has hosted President Muhammadu Buhari of Nigeria to inaugurate its poultry feed mill and day-old-chick facilities in Kaduna Estate, Northern Nigeria The integrated poultry and feed mill at Ilorin in Kwara State, worth US$150million, will enable the company to deepen its already strong influence in Nigeria’s food, agro and agro-processing…

Olam in Africa – Growing Influence in Grain Milling in West Africa

This article appeared in the March/April issue of Food Business Africa magazine With its origins in Africa, Olam International is a well-known commodity trading company. The company’s recent aggressive foray into food, milling and feed processing points to a company that will be a major player in Africa’s industry going forward Olam International’s announcement of…