Olam Mozambique provides work to 40,000 farmers

26 October 2016

Olam Moçambique, a company that promotes the production and distribution of agricultural products in Mozambique provides employment to about 40,000 farmers.

Sridhar Krishan, the managing director of the company, which is based in Singapore and has operated in Mozambique since 1999, told Mozambican daily newspaper Noticias that as well as financial support to farmers it also guarantees a buyer for their products.

Olam Moçambique supports the production and annual sale of about 200,000 tonnes of agricultural products including sesame, peanuts, cashew nuts and boer-beans through direct financing of producers.

Olam Moçambique also has two cooking oil refineries operating in the cities of Beira and Matola, in the provinces of Sofala and Maputo, respectively.

The company also has three cotton ginning units in Beira, Ribáuè, Morrumbala and Guru, in Sofala and Zambezia provinces.

In the cashew sector, Olam Moçambique wants to increase the producers it currently works with from 5,000 to around 20,000 in order to increase its sales volume from 12,000 tonnes per harvest to 18,000 tonnes.

The company supports rice production in Mozambique that is distributed in the country as the “Mama Africa” brand. The company is also one of the largest rice importers covering Mozambique’s needs for this foodstuff.

Olam International is one of the largest agribusiness companies in the world with a presence in 70 countries, 60,000 employees, 16,000 customers and is considered one of the leading international suppliers of cocoa, coffee, cashews, rice and cotton. (macauhub)