Côte d’Ivoire produces 40% of the world’s cocoa. Established as a trading business in 1997, today Olam Cocoa has the largest procurement network for sustainable cocoa in the country.
Côte d’Ivoire has quadrupled its crop size to 700,000 MT in the last 10 years, making it the largest cashew producing and exporting country in the world. Established in 1994, Olam Cashew is the market leader for trading and support 31,000 cashew farmers under the Olam Livelihood Charter. We have also pioneered processing linking farmers to a guaranteed market and improving traceability for our customers.
Through our strong trading network, we buy around a third of the country’s 120,000MT of Robusta and are the largest exporters of Ivorian Robusta in North Africa, Europe and Asia. We lead the promotion of coffee sustainability and rejuvenation through farmer training, distribution of over 2,000 hectares of high-yielding coffee seedlings to date, 60% of which are today in production; and financing 120 hulling machines. We are the first 4C-verified coffee exporter in Côte d’Ivoire.
The rubber exports out of Côte d’Ivoire have nearly tripled since 2010. Yet estimates say more than 50% planted area is yet to start yielding, thus presenting growth opportunities. 90% is produced by smallholders.
In 2015, Olam acquired SAIC, a crumb rubber processing facility. Located in Aniassué, about 182 kilometres east of Abidjan, the SAIC plant is the only industrial production facility in the region. SAIC also acquired a second factory in 2017 located in PK38, a few kilometres from Abidjan.
Our SECO operations were the foundation of many aspects of the Olam Livelihood Charter, with farmers supported since 2009, increasing their farming from 1.8 Ha to 4.2 Ha in 2018, and yields from 626 Kg/Ha in 2009 to 1150 Kg/Ha in 2018. Food crop production has also increased – a clear demonstration of creating shared value through innovative business models. Our cotton produced in Côte d’Ivoire is 100% CMIA- BCI-certified since 2013.
Launched in 2016, Olam is one of the most competitive suppliers of fertilisers to the cotton, cocoa and palm industries. Olam’s fertiliser division is in a position to offer customised solutions to the fertiliser needs of diverse sectors.
Established in 2006, Mantra is Olam’s in-house shipping and logistics company, providing warehousing, clearing and forwarding end-to-end customised cost-effective exports and import solutions to all Olam businesses in the country, and select external companies. Mantra operates out of both major port cities, Abidjan and San Pedro.