date:Jun 22, 2012
GrowCocoa will be headquartered in Washington D.C., US. Olam and Blommer plan to each pump $6m into the company over the next two years in a bid to boost cocoa yields.
Olam and Blommer had been working together for the past eight years on sustainable cocoa programmes in Indonesia and the Ivory Coast, training 55,000 farmers on fertiliser use and best agricultural practices.
Doubling production
The joint venture will allow both companies to reach an additional 45,000 farmers, which could sig