New York | Reuters –– Olam’s US$1.3 billion deal to buy rival Archer Daniels Midland’s cocoa processing business may reduce liquidity in the niche cocoa bean trade, raising concerns about volatile prices and a potential shake-up of customer relationships. In the biggest deal to roil the cocoa trade in recent years, Olam scooped up a […] Read more
Olam’s cocoa purchase raises supply, price volatility concerns
Fungus damage to Peru’s coffee crop lifts premium
Lima/New York | Reuters — The premium for coffee grown in Peru, one of the world’s top high-quality arabica growers, is nearing a three-year high after a tree-killing fungus ate into more of its crop than expected, delaying shipments, industry sources say. Peru’s harvest kicked off in April at low-altitude plantations — the most vulnerable […] Read more
Cyber-Savvy Farmer
