Olam ready to deploy US$2b to take advantage of buyer's market

London

COMMODITY trader Olam International Ltd is ready to deploy almost US$2 billion on acquisitions to take advantage of slumping agricultural commodity prices.

"We are begging to enter a buyer's market," said Sunny Verghese, chief executive officer of Olam, which is 51 per cent held by Temasek Holdings Pte. "We will do bigger deals that really move the needle for us."