Wednesday, 07 November 2012

UNIDO and Louis Dreyfus Commodities sign an agreement to enhance agribusinesses development

VIENNA, 7 November 2012 – The Director-General of the United Nations Industrial Development Organization (UNIDO), Kandeh Yumkella, and the Group Chief Executive Officer of Louis Dreyfus Commodities, Serge Schoen, have signed a memorandum of understanding (MoU) to enhance the productivity and profitability of agribusinesses in Africa.

“UNIDO has a strong field presence in Africa, delivering technical assistance across the continent to create jobs, increase rural income, improve food security and support the long-term reduction of poverty. It has also developed innovative instruments to engage with private corporations on their core competencies. UNIDO looks forward to a mutually beneficial cooperation with a global leader like Louis Dreyfus Commodities”, stated Yumkella during the signature ceremony.

Louis Dreyfus Commodities (LDC) is a global company that produces, processes, merchandises and trades major agricultural commodities.

The MoU establishes an overall framework for cooperation in the field of agro-industry, a focus that aligns well with LDC’s commitment to promoting sustainable development.

"We are delighted to be partnering with UNIDO, and see this agreement as a key part of our strategy to expand agricultural production to meet the world's rapidly growing needs”, stated Schoen. “Louis Dreyfus Commodities and UNIDO share the same values and objectives, and we both recognize Africa's development as essential for a future food supply for the continent and the world."

The cooperation aims at strengthening value-addition in agro-processing, post-harvest handling, supply chain management and trade promotion of agricultural products in Africa.

The partnership will initially focus on between three and five mature projects where joint action can yield a quick and tangible impact on rural communities. In order to strengthen the weaker links of agribusiness value chains, focus will be placed on: improving the organization of the supply chain, developing necessary skills, improving logistics, quality control and traceability, and introducing modern processing technology to enhance productivity. The target sectors will reflect the major commodities of interest to LDC: grains, oilseeds, cotton and rice.

For more information on UNIDO, please contact:

Mikhail Evstafyev
UNIDO Advocacy and Communications Coordinator
Tel. (43-1)-26026-5021
Mobile +43-699-1459-7329

For more information on Louis Dreyfus Commodities, please contact:

Julie Hibon
Head of External Communication

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