Sumit Jain, Valency International
Sumit Jain, Valency International
![Sumit Jain Sumit Jain](https://static.moneyfm893.sg/uploads/sites/3/2024/01/Sumit-Jain-960x540.png)
23 January 2024
Under the Radar: Valency International’s CEO on cashew processing in Nigeria, investment from with British International Investment
We’re setting our sights on the commodity sector today as we speak to a Singapore-headquartered international commodity trading house.
Founded in 2007 as a company facilitating trade flows from Africa to Asia, Valency International has since established a sizable global presence with offices and operations in 22 countries and a workforce of over 2,600 people.
The firm’s global footprint now extends to 21 product categories including agricultural commodities and FMCG products the likes of cashews, almonds, pulses and beans, sesame, cumin, soybean, rice and corn.
Outside of edibles, its portfolio includes steel, paper and industrial chemicals. But what is the most important product vertical for Valency International and what implications will this have in terms of the geographical markets Valency wants to deepen its presence in?
Meanwhile, Valency International recently made the news after UK’s development finance institution British International Investment (BII) invested US$15 million in it to fund the firm’s expansion of cashew processing in Nigeria.
But what opportunities does it see in cashew processing in Nigeria and what is the strategic value behind having BII invest in the firm?
On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Sumit Jain, CEO, Valency International.
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