Olam Group closes down digital farmer services platform to conserve cash

606 employees will be affected by the reorganisation.

Olam Group has announced that it will shut down Jiva Ag, the digital farmer services platform developed by the group’s Nupo Ventures.

A total of 606 employees will be affected by the closure..

Eight employees are from Singapore, 531 are from Indonesia, 66 are from India, and one is from Australia.

Olam said that it is supporting impacted employees with redeployment opportunities within the group, or severance packages aligned with local regulators and practices. They will be provided with outplacement services and access to its employee assistance programme.

According to Olam, it reported a loss of $13.2m related to the impairment of intangible assets within the incubating businesses segment in its H1 2025 results. This was primarily associated with Jiva Ag.

The group said it expects to book and announce one-off costs estimated at up to $11.5 m (US$9m) related to the closure in its H2 2025 financial results ending December 31, 2025. The costs are not expected to have a material impact on the group’s results in the current financial year.

The intellectual property associated with Jiva Ag will be retained by Olam Group or one of its subsidiaries.