Connecting cocoa growers for National Farmers’ Day
The daily reality of being a smallholder farmer in West Africa means that most will rarely set an adult foot outside of their village. So it was a unique experience for 50 Ghanaian cocoa farmers when they got to step away from their farms for a day and into the city to witness the process of their cacao beans being transformed into smooth, dark liquor.
The special occasion was hosted by Olam last month at the state-of-the art cocoa processing facility in Kumasi, to celebrate National Farmers Day in Ghana. It came a few weeks after Olam marked the same occasion in Zambia with an agricultural fair for coffee farmers which turned out to be one of their most lucrative days of the year.
For Olam, the visit to the cocoa factory was about allowing the farmers to learn what happens to the products they grow; to feel part of a bigger purpose. So often smallholder farmers can feel cut off from the wider farming community: working in isolation, and missing out the opportunity to chat to others
Olam Côte d’Ivoire focuses on food security & nutrition for cashew farmers
In rural Cote d'Ivoire, the Sustainable Cashew Growers Programme (SCGP) links Olam directly with the farmers that supply us. We are the only company to participate in the entire value chain and in doing so, are able to gain insight into and respond to the social challenges faced by farmers and their communities.
As part of Olam’s commitment through AtSource Plus - a sustainable sourcing platform- to achieve sustainability objectives, the cashew business teamed up with the CR&S Africa department to carry out a comprehensive food security and nutrition study for cashew farming households in the SCGP.
Drawing on resources and best practices from the food and nutrition sector, the team surveyed a representative sample of 797 households to find out what kind of food they typically eat, how often they eat it, and where it comes from. Information on the diets of more than 1,000 women and 323 children within those households was collected too. This information was enhanced
Re-imagining Olam: New six-year strategy to create value from tomorrow’s consumer landscape
Olam plans to invest US$3.5 billion to enhance its leadership position and capture value from key emerging consumer trends; de-prioritises selected businesses to release US$1.6 billion of cash for reinvestment
Global food and agri-business Olam International (“Olam”) today announced its 2019-2024 strategic plan, that capitalises on key trends shaping the sector. Driven by consumers and advances in technology, these trends include increasing demand for healthier foods, traceable and sustainable sourcing, e-commerce and the rise of “purpose” brands. Olam plans to invest US$3.5 billion (including maintenance capex) to strengthen businesses with high growth potential, while releasing US$1.6 billion by responsibly divesting certain businesses and assets lying outside the strategic priorities over the course of this plan.
Olam has already established global leadership positions in multiple speciality agri-products and food ingredients, with defensible strategies for more mainstream b
From the farm to the boardroom- new blog series reveals lessons learned in agri-business
Today, Olam International has launched ‘Things we learned this year’; an end-of-year blog series that captures personal perspectives, challenges and learnings from the business over the past year.
Illustrated with photos and videos, the series explores a range of themes from the complex socio-economic realities of rural farming communities, to the art of public- private collaboration for tackling global issues.
Several accounts reveal unique insights into the lives, pressures and views of the smallholder farmers that Olam works with, such as the emotional barrier holding cocoa farmers back from correct pruning practices; the close connection between Indonesian coffee farmers, the forest and the safety of their communities; or the challenge of navigating gender norms in Ivorian cotton farming.
The final blog in the series meanwhile, takes a more holistic look at the agri- supply chain, with Olam CEO Sunny Verghese reflecting on the issues that have faced the sector over the last