We use our expertise in crops, supply/demand, and risk management to support our customers and suppliers in building their businesses.
We own 2 sugar mills in India – Barwani in Madhya Pradesh and Rajgoli in Maharashtra, crushing in excess of 1 million tonnes of sugarcane from farmers, many of whom are in Olam Livelihood Charter Programmes. Following investments and introduction of best practices, we are proud to achieve one of the highest sugar recovery rates in India. Our plants have best in class certifications and are suppliers to all the major food and beverage companies. At our Rajgoli plant we generate bio-energy from bagasse (a sugarcane by-product) which we sell to the state grid. The Rajgoli plant is one if the only 2 Bonsucro certified sugar mills in India.
In 2017 we signed a 50:50 joint venture with Mitr Phol Group, creating ‘Far East Agri’ (FEA). The JV with Mitr Phol, Asia’s largest sugar producer, includes the Indonesian refinery PT Dus. We import raw sugar, mainly from Thailand and Australia, and refine it for sales to industrial clients across Indonesia. The JV is also actively seeking investment opportunities in the sugar milling sector.
The facilities in India and Indonesia give us presence in large consumption markets, growing at higher pace than the global growth. In both of these markets we work with a number of customers and suppliers to offer key insights and customise solutions to their sweetener requirements through innovation in products and packaging.
Our keen customer focus, excellent execution and risk management make us a preferred choice for many of our customers.