date:Feb 17, 2014
Commodities trading firm Olam International Ltd posted a 12.5 percent drop in second-quarter profit on weaker sales and commodity prices, but said a rebound in coffee prices would boost the sector's performance for the rest of the year.
The Singapore-based firm, a leading global coffee supplier, said its coffee business was impacted by weaker prices, which slumped to multi-year lows last November.
Sunny Verghese, managing director and chief executive officer, said he was bullish on arabica cof