Activities in African Countries
Though an estimated one-third of world's raw cashew nuts are being produced in Africa, 80% of this is being exported to India or Vietnam for raw processing. Olam too was initially exporting cashew from Nigeria to India. From Nigeria, it went into other key producing countries in West Africa like Côte d'Ivoire, Burkina Faso, Mali, Guinea Bissau and East Africa, including Tanzania, Mozambique, Kenya and Madagascar, and finally expanded into Vietnam and Indonesia. It then expanded down the processing value chain by processing raw cashew nuts that it sourced from these origins into blanched kernels, first in India, then Vietnam and then Brazil. It is now scaling the cashew processing in the raw nut origins and have built a scalable model for this in Tanzania, Mozambique, Côte d'Ivoire and Nigeria. For instance, in Tanzania, with the help of the Government and funded by USAID, Olam along with Technoserve, is participating in activities to improve productivity of small farmers and increase yields and incomes in rural areas.
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