, Singapore

Mondelez, Olam Food to develop cocoa farm in Indonesia

The project will use advanced climate and plant science technology.

Food company Mondelez International and cocoa supplier Olam Food are going to create a 2,000-hectare sustainable cocoa farm in Indonesia, according to a joint announcement.

The project will use advanced climate smart and plant science technology. It tests a modernised and professional blueprint for best practice cocoa farming, optimal land usage and farming community planning which will be explored as a potential model for replication across the region.

“Creating opportunities to innovate, in partnership with our suppliers, and exploring the ability to scale high-yielding, forest-positive, income-generating approaches to commercial cocoa farming on the single largest farm of its kind offers attractive potential and is an important step forward on our journey to lead the future of a sustainable and resilient cocoa supply,” said Quentin Roach, Mondelez Senior Vice President of supply chain and Chief Procurement Officer.

The partnership between Mondelez and Olam Food is also expected to create around 700 jobs for locals.
 

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.