Olam began its South American operations in 2002, when we started our cashew nuts business in Brazil. Since then, we have built up leadership positions in Brazil for coffee and cotton, and engaged in sugar, rice and wheat trading as well as the import and distribution of spices.
In 2005, we began our peanut operation in Argentina, and have since emerged, as one of the country’s strong integrated players in the area of large-scale peanut farming, shelling and blanching. We also participate in soy and corn farming to complement our peanuts business.
In the Andean countries, we began our coffee operations in Peru in 2006, and followed this by setting up operations in Colombia the following year. Today, we are among the largest coffee exporters in these countries.
Since 2010, we have set up dairy farming operations in Uruguay through our majority shareholding in New Zealand Farming Systems. We have also recently launched our spices business in Peru, and have set up our first regional cocoa operation in Ecuador, where we also buy and export teak.
Today, we have a significant upstream presence across South America for peanuts, dairy, soy, corn, beans, teak, and more recently, cotton. Concurrently, we also maintain a significant mid-stream presence on the continent in coffee and peanuts. Leveraging this strong upstream and midstream network, we plan to explore other value chain adjacencies for new products that will add to our South American scope and presence.