Producer
Olam Agri (Olam Group)
Third-largest cocoa grinder globally (~14% share); significant West Africa origin presence with origin-grinding facilities in Ivory Coast and Ghana. Part of Olam Group; subsidiary Olam Cocoa operates extensive farmer-level sustainability programs.
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Inputs supplied
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Goods downstream
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Facilities
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Stories
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Cocoa Grinding + Trading
30%Grains, Oilseeds, Pulses
30%Edible Nuts
20%Spices, Vegetables, Cotton
20%
Intelligence
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Origin2023
Olam International was founded in 1989 in Lagos, Nigeria by Sunny Verghese (Indian-born, son of a Kerala family who had settled in Nigeria through the colonial-era trading networks) and R. Jayachandran. Starting with cashew nuts exported from Nigeria to India, Olam built an "origin model" supply chain that deliberately operated in the rural areas of developing countries where ABCD grain traders and Western commodity houses were unwilling to go. Verghese's strategy: establish physical presence directly at farm-level in high-risk, frontier agricultural markets (West Africa, Central Asia, remote India), buy directly from farmers, and build the logistics network to export. This approach captured the supply chain economics that typically went to local intermediaries. From cashews in Nigeria, Olam expanded to cocoa (Ivory Coast, Ghana), sesame (Sudan, Ethiopia), spices (India, Vietnam), and grains globally. By the time the ABCD companies noticed the African agriculture opportunity, Olam had established 10-15 year supply relationships that were extremely difficult to replicate. A Singapore-listed company built on Indian-Nigerian family trading networks became the world's largest sesame trader and a dominant West African cocoa processor.
Olam Group Ltd ↗