Three leading Brazilian food companies — Louis Dreyfus Company Brasil, Olam Agrícola Ltda (Brazil) and Sucafina Brasil — have entered into commercial agreements with ProfilePrint, a Singapore-based start-up that provides AI-based solutions for predicting the quality of food ingredients.

While Latin America accounts for 16% of global food and agricultural exports, the quality of ingredients is a concern for the industry. This is because production conditions vary greatly between technologically advanced farms and smallholders.

ProfilePrint has caught the attention of leading food companies such as Cargill, Olam, Sucafina, Louis Dreyfus Company and Sinarmas as a possible solution to overcome challenges in the food ingredient supply chain.

Technology could revolutionize the food industry

In seconds, a handheld analyzer and prediction and forecasting software platform from an agri-food technology startup can analyze food ingredients such as coffee, cocoa, cereals, sugar, and juices thanks to the company’s AI-driven technology. .

A technology solution created by a startup could revolutionize the food ingredient supply chain by making valuation more efficient and speeding up the sales process. Reducing the sales cycle by up to 10 times is one of the advantages of this technology.

“We are very pleased with the arrival of ProfilePrint in Brazil, one of the largest agri-food economies in the world. The Embassy of Singapore and Enterprise Singapore will continue to support the strengthening of technological cooperation and commercial relations between the two countries,” said Desmond. Ng, head of mission at the Singapore Embassy in Brazil.

During the Agrifood Tech Networking reception, representatives from Louis Dreyfus Company Brasil, Olam Agrícola Ltda (Brazil) and Sucafina Brasil signed commercial contracts in the presence of important industry figures, including Desmond Ng (Chief of Mission at the Singapore Embassy in Brazil) and Josiah. Choi (Regional Director, Enterprise Singapore Brazil).

Through analysis of food ingredients, ProfilePrint helped a major cocoa customer establish acceptable tolerances for their product and recommend a different set of beans for their blend. As a result, the client was able to save 1.64 million US dollars per year, which is about 8.3 million reais at current prices.

Mundo Conectado Deal Center: selection of discounts and lowest prices
Best deals on electronics, cell phones, TVs, soundbars, drones and more

…..