Olam
Olam reports sustained half-year growth for its businesses including cocoa production
The global food and agri-business Olam Group has posted a key upturn in its half-year results, with profits standing up at $421 million for the period, up 26%, for the business, after a major re-organisation of its activities, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Processing, Regulatory, Sustainability
Focus: Fast rising cocoa business Twenty Degrees Cacao
Seeking out some of the most richly diverse strains of cacao in the world is offering Leo Palmer a hugely rewarding challenge. Having spent several years working in Ecuador, he has gained a wealth of key insights into production processes that are serving him well with the creation of his latest venture. Neill Barston reports
Business news, Cocoa & chocolate, Ingredients, New products, Processing, Sustainability
Olam pledges medical supplies to tackle Indian coronavirus pandemic
Olam International has confirmed it is to work with a wide range of public and private sector groups helping fight India’s battle against Covid-19, supplying crucial medical supplies, writes Neill Barston.
Ghana and Ivory Coast governments report on combined deforestation CFI action plans
The governments of Ghana and Ivory coast, alongside 35 key companies in the cocoa and confectionery trade part of the Cocoa & Forests Initiative (CFI) have reported on combined actions tackling deforestation, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Processing, Regulatory, Sustainability
Mondelēz and Olam forge Indonesian venture for world’s largest sustainable cocoa farm
Confectionery and snacks group Mondelēz International and Olam Food Ingredients (OFI) are set to deliver a ‘game changing’ venture to create the world’s single largest sustainable commercial cocoa farm in Indonesia, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Processing, Regulatory, Sustainability
WCF welcomes latest Ghana sector agreement tackling deforestation
A key step towards tackling deforestation in Ghana’s core cocoa growing regions has been made, as authorities sign an agreement with industry to accelerate combined conservation and restoration measures, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Regulatory, Sustainability
Olam reaches milestone of 100% child labour cocoa supply chain monitoring
Cocoa specialist Olam Food Ingredients (OFI), has delivered a major milestone of establishing child labour monitoring across its entire network of sustainability programmes operating in nine countries, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Processing, Regulatory, Sustainability
Seven chocolate manufacturers named in Ivory Coast cocoa sector child labour lawsuit
A landmark court case has begun in the US against seven major chocolate companies on behalf of eight Malian young men who claim to have been victims of child trafficking, and forced to work on cocoa plantations in Ivory Coast, writes Neill Barston.
Business news, Cocoa & chocolate, Processing, Regulatory, Sustainability
Key NORC report on child labour within cocoa supply reveals significant concerns still remain
It seems there’s rarely a week within the confectionery and wider food and drink market that passes without a major breaking issue that proves of significant impact and offers the industry plenty of reason to take a step back and reflect.
Olam gains industry accolade for AtSource cocoa sustainability platform
The global Olam agri-business group is celebrating after its innovative AtSource sustainability insights platform for products including cocoa, cashew and rice has gained the 2020 Reuters Responsible Supply Chain Award.
Business news, Cocoa & chocolate, Ingredients, Processing, Sustainability
The International Cocoa Initiative calls for greater industry-wide action on child and forced labour
The International Cocoa Initiative (ICI) has called for ‘a massive expansion’ of collaboration from the industry’s key players to reach out at risk children and adults who are vulnerable to forced labour within the sector, reports Neill Barston
Business news, Cocoa & chocolate, Ingredients, Processing, Regulatory, Sustainability
Olam marks World Environment Day with measures to enhance its operations
The UN-backed World Environment Day is celebrated today (June 5) each year as a means of driving engagement on protecting the environment. This includes key issues relating to the cocoa and confectionery sector, including deforestation and climate change. Chris Brown, Vice President and Global Head of Environment, Olam International, offers his view on progress being made
Business news, Cocoa & chocolate, Ingredients, Processing, Sustainability
Cocoa and Forests Initiative plants four million trees in drive against deforestation
Cocoa & Forests Initiative (CFI), has reported major progress towards ending deforestation in Ghana and Ivory Coast, with four million trees planted and a million farmers receiving training. Neill Barston reports.
Business news, Cocoa & chocolate, Ingredients, Processing, Regulatory, Sustainability
Jacobs Foundation joins forces with confectionery industry tackling child labour
A joint venture has been launched between the Jacobs Foundation, a global youth development organisation, and major players in the chocolate sector to create a national action plan tackling child labour in Ivory Coast.
Business news, Cocoa & chocolate, New products, Sustainability