Armajaro Trading Ltd.’s cocoa supplier in Ivory Coast, the world’s largest producer of the beans used to make chocolate, said it received funds to pay premiums owed to farmers by the London-based trader.
The World Bank’s private lending arm said it received assurances that Armajaro Trading Ltd., in which it previously held a stake, provided evidence it paid premiums for cocoa beans owed to farmers in top grower Ivory Coast.
A jump in palm oil consumption for biodiesel in Indonesia, the world’s biggest supplier, will probably mean that shipments fail to increase this year for the first time since 2010 even as production climbs to a record.
Convenience store chains Lawson Inc. and Seven & I Holdings Co. are so sure Japan’s aging farmers can’t meet demand for fresh vegetables that they’re investing in cropland and training young people to work the fields.
More frequent rainfall next month in Brazil, the world’s largest soybean exporter, will probably disrupt oilseed and grain loadings at the main ports, according to weather forecaster Somar Meteorologia.
Rice shipments from India, the world’s largest producer after China, will probably expand to a record as buyers from Iran to Saudi Arabia boost purchases of aromatic basmati grain used in biryani and pilaf dishes.
Coffee output in Brazil, the world’s top producer, may be as much as 30 percent less than expected in its biggest producing state as drought losses are irreversible, the country’s largest exporter said.