Ofi

Roel van Poppel. Pic: ofi

Appointments

ofi appoints new chief sustainability officer

By Anthony Myers

Leading commodities supplier ofi has announced Roel van Poppel as its chief sustainability officer (CSO), taking responsibility for scaling the group’s ability to drive positive impact across its five leading product platforms - cocoa, coffee, dairy,...

Olam Group Limited has guaranteed the sustainability loan to its ofi division. Pic: Olam Group

Finance

ofi secures $1,750m sustainability-linked loan

By Anthony Myers

The Olam Group Limited has announced that its wholly owned subsidiary, olam food ingredients (ofi), which includes its cocoa division, has secured a multi-tranche sustainability-linked facility aggregating $1,750 million.

The scheme was launched in Jakarta earlier this month. Pic: ofi

Sustainability

New $8.2m project launched to support cocoa farmers in Indonesia

By Anthony Myers

The United States Agency for International Development (USAID) has announced a new project to promote sustainable cocoa and coffee production in Indonesia with The Hershey Company, Rikolto, the Indonesian government, and PT. Olam Indonesia - part of olam...

Gerald Manley. Pic: ofi

Business

Gerard Manley announces retirement as ofi Cocoa CEO

By Anthony Myers

Gerard Manley, CEO of ofi’s Cocoa business and the group’s Chief Sustainability Officer (CSO), has announced he will will retire at the end of June 2023 after 25 years with the company.

The Olam Group reported 'steady 2022 performance'. Pic: Olam Group

Olam Group remains optimistic, despite drop in earnings

By Anthony Myers

The Singapore-based agribusiness said it remains ‘cautiously optimistic' about its prospects for 2023’ despite reporting 24.5% lower earnings of S$200.0 million (US$148.52m) for the year ending 31 December 2022.

ofi's Dezaaan single origin cocoa. Pic: ofi

Special report

Asian consumers driving demand for single origin cocoa

By Anthony Myers

As ConfectioneryNews reported last month, the trend for single-origin cocoa ingredients has been growing for some time, as consumers with a sweet craving also look more closely at how and where their cocoa is sourced.

ofi claims it can can now track cocoa at every stage of its journey from the farm or community. Pic: ofi

Sustainability

Ofi’s Cocoa Compass wins sustainable supply chain award

By Anthony Myers

Cocoa supplier olam food ingredients (ofi), has won the Sustainable Supply Chain of the Year Award at the 2022 Global Good Awards, which recognise businesses, NGOs, charities and social enterprises that are driving social and environmental change.

An ofi cocoa farmer tries out some new equipment. Pic: ofi

Finance

ofi secures inaugural $1,975m sustainability-linked loan

By Anthony Myers

olam food ingredients ('ofi'), a global leader in food & beverage ingredients and includes the company’s cocoa division, has announced that it has secured a multi-tranche sustainability-linked facility aggregating $1,975m

Olam International (OIL) is the parent company of OFI and OGA. Pic: OIL

Financial results

OFI remains on course for London listing

By Anthony Myers

Singapore-based Olam, OFI’s parent company, said it is tracking global markets following Russia's invasion of Ukraine this week to determine the potential impact on the timing.