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Read about the latest developments across the busines, Including our global sustainability initiatives.
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Olam first began operations in South Africa in 2000, importing and distributing grain.
Today, we also trade edible oils such as crude and refined sunflower and palm oil and sunflower seeds.
Our Edible Oils Trading Desk is based in Durban. With the pipeline in the Port of Beira we are able to manage oils distribution to the cross-border markets of Zimbabwe, Zambia and Malawi, as well as supporting our refineries in Mozambique.
From origination and processing, to logistics, marketing, brand building and distribution, we provide quality services across the value chain to help our partners manage their risk and grow their business.
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Meet the Team
We employ nearly 60 people across the country.
Shailendra Mishra
Vice President – Head Edible Oils Southern Africa
News, Views and Insights
8th Apr, 2021
Olam launches 2020 Annual Report: “Unlocking long-term value and driving sustainable growth”
Singapore
Global food and agri-business Olam International Limited today published its 2020 Annual Report, which outlines the Company’s financial and non-financial performance for the year. This includes how Olam:
Successfully navigated the pandemic to emerge stronger, delivering robust operational financial performance in 2020
Strong execution of the Group’s Strategic Plan to drive sustainable growth
Made significant progress on its Re-organisation Plan to unlock and maximise long-term sustainable value via carve-out, IPO and concurrent demerger of Olam Food Ingredients (OFI) and pursue similar strategic options for Olam Global Agri (OGA)
Continued to live out its Purpose of ‘Re-imagining Global Agriculture and Food Systems’
Sunny Verghese, Co-Founder and Group CEO of Olam, said:
“2020 was one of our strongest years on record as we delivered operational earnings growth of 36.0% to S$677.8 million even as we contended with the COVID-19 pandemic. We also made sig
21st Aug, 2020
Olam Coffee partners with customers to support vulnerable farmers through COVID-19
In May, Olam Coffee launched a COVID-19 Global Intervention Plan to strengthen its ongoing relief efforts for the world’s worst-affected coffee farming communities.
Securing skilled labour, earning a living and affording usual food and new hygiene supplies are the main challenges being faced by coffee farmers as a result of lockdowns and movement restrictions. All of which are compounding the pre-existing vulnerability of coffee farmers to low prices and climate shocks.
Donations from customers and partners, together with Olam’s contributions, have reached US$449,670 to date, funding food and hygiene packages for over 20,000 coffee households across 12 countries, where farmers are navigating the complexities of harvesting during a pandemic.
Vivek Verma, Managing Director and CEO, Olam Coffee, said,
“We are extremely grateful for the generous support from our customers, namely Lavazza, Nespresso, Caffé Borbone, JM Smuckers, Mother Parkers Tea & Coffee, Strauss, Melitta a
26th Feb, 2021
Olam reports robust 2020 performance amid the pandemic, with 36.0% growth in Operational PATMI to S$677.8 million
Strong operating performance by new Operating Groups
Singapore
H2 2020 Operational PATMI up 90.1% to S$475.7 million
Lower reported PATMI in H2 2020 (-S$87.0 million) and 2020 (S$245.7 million) from prudent one-off impairment mainly from Olam Palm Gabon (OPG)
Strong operating performance growth of 43.3% for OFI in H2 2020 after Covid-19 impact in H1 2020
Strong operating performance growth of 40.3% for OGA in 2020
Significant progress on Re-organisation Plan with planned IPO of OFI by H1 2022 and de-merger from Olam Group in conjunction with the IPO; Pursuing similar strategic options for OGA in parallel
Board of Directors recommends a final dividend of 4.0 cents per share; total dividend for 2020 would be 7.5 cents per share (2019: 8.0 cents)
H2 2020 Financial Highlights
Revenue
+ 9.9% YoY
xxx
18.7
Bn (S$)
EBIT
+ 20.6% YoY
xxx
645.8
Mn (S$)
PATMI
n.m.
xxx
(87.0)
Mn (S$)&nbs
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