Olam International reports 16% growth in H1 revenues despite market challenges

SINGAPORE – Olam International has reported a steady operating performance, recording 16% growth in revenues to US$ 11.47 billion in the first half of 2019, from US$9.86 billion recorded in a similar period last year. […]

Olam secures US$375m credit facility from European lenders

SINGAPORE – Olam International has secured a revolving credit facility aggregating US$375 million from several European lenders. The Facility has a 364-day tenor with an option to extend for a further 364 days and is […]

Cargill opens innovation center in Singapore to address nutrition and safety

SINGAPORE – Global agribusiness and food giant, Cargill has inaugurated a new innovation center in Singapore to accelerate nutrition and food safety endeavor in the Asia Pacific region. The center will also help address the […]

Olam International prices US$120 million US debt private placement

SINGAPORE – Olam International has announced that its wholly-owned subsidiary Olam Americas Inc. (“OAI”) has successfully priced a US$120 million issuance of 5-year fixed rate notes via a private placement. According to the company, proceeds […]

PureCircle’s Reb M stevia sweetener receives regulatory approval in Singapore

ASIA – The world’s leading producer of stevia sweeteners, PureCircle has announced that it has received approval for expanded use and applications of its next generation stevia leaf sweetener, Reb M in Singapore. The approval […]

Olam strengthens cocoa traceability with commitment to end deforestation in supply chain

SINGAPORE – Olam International has announced that it has achieved 100% traceability of its sustainable cocoa supply chain in Ghana and Côte d’Ivoire and has committed to end deforestation in its entire global cocoa supply […]

Olam unveils six-year strategy with US$1.6b worth of divestment in sugar, others

SINGAPORE – The agribusiness and chemicals firm, Olam International has said it plans to release US$1.6 billion cash from divesting some of its businesses including sugar, rubber, wood products and fertilizer as it looks to […]

Singapore considers ban, tax on high-sugar drinks to tackle diabetes

SINGAPORE – Singapore’s Ministry of Health (MoH) and Health Promotion Board are contemplating banning the sale of higher-sugar pre-packaged drinks or introducing a sugar tax in a bid to curb high sugar intake among people. […]

Olam International earnings fall 14.2% as coffee and peanuts disappoint

SINGAPORE – Global International company, Olam International earnings declined 14.2% to US$15.05 million (S$20.7 million) in the third quarter on tough trading conditions in coffee, and lower performance from peanut business. During the period, revenue […]

Olam partners Canvass Analytics in artificial intelligence for sustainable agriculture

SINGAPORE – World’s leading agri-business company, Olam International has partnered Google-funded firm Canvass Analytics to utilize artificial intelligence for sustainable food and agricultural production. According to the company, the strategy seeks to find innovative and new […]