Agribusiness

Luzhou Bio-chem Technology appoints Wang De You Executive Director and CEO

He was promoted to the post from being Group Deputy General Manager for 6 years. Read ››

Should Olam just stick to Russian dairy?

Its plans to invest heavily in grain cultivation comes with risks and no major advantages, warns Daiwa. Read ››

Olam and RUSMOLCO to develop large scale dairy farms in Russia

A whopping US$400 million will be invested in the project in the next four to five years. Read ››

Will Olam taste a sweet success this year?

It may have outperformed since the start of the year but analysts are still not entirely convinced. Read ››

Sino Grandness Food Ind. appoints Zhu Jun as Executive Director

His wealth of experience in investing gave him the job. Read ››

Noble Group set to name new CEO

Founder Richard Elman said the vacant executive helm will be filled up soon. Read ››

GMG Global appoints Alain Tien Sing Young as Vice President, Africa Region

The company put weight on his extensive executive experience in the continent. Read ››

Olam targets acquiring Macao Commodities Trading S.L.

The deal will offer an accelerated entry into the Spanish and larger Iberian market for Olam. Read ››

Wilmar acquisition sweetens stock outlook

Proserpine Sugar Mill purchase and low share price lead OCBC to upgrade call to Hold. Read ››

Sweet! Mill sale to Wilmar subsidiary approved, finally

Proserpine creditors will be paid in full before Christmas. Sucrogen, the Australian-based sugar subsidiary of Wilmar International Limited, will be the new owner of Proserpine Sugar Mill after a majority of Proserpine creditors, by number and value, voted to approve Sucrogen’s purchase of the mill. Read ››

Wilmar International swamped with high inventory and delays

Double trouble as palm oil prices pick up and its plantation expansions run behind schedule. Read ››

Golden Agri Resources facing a slow growth harvest

Drop to 5% production growth expected in 2012, says Phillip Capital in a new report. Read ››

Reyphon Agriceutical appoints Xiang Zhijing as Group Finance Manager

Ms. Xiang will be tasked to handle finance and accounting matters of the Group. Read ››

Olam invests $49m to till Nigerian soils

It will set up a 6,000 hectare greenfield, fully integrated, mechanised and irrigated paddy farming and rice milling facility in one of Nigeria’s main rice growing belts. Read ››

Californication: Wilmar ties up with Gavilon for Stockton facility

They will import and process palm, coconut and palm kernel oils to serve the California and neighboring West Coast markets. Read ››

Global Palm’s expansion to slow down in 2012

OCBC says not to expect much as GPR has further lowered its new planting target for 2012 to just 770 ha. Read ››

What you need to know about the commodities sector

Analyst described the outlook as mixed at best. OCBC Investment Research noted: Read ››

SPRING invests $45mn in food manufacturing industry

The initiative aimed to improve productivity by 20% as Singapore’s food industry enjoys a good reputation here and overseas. Read ››

Is sweet success near for Wilmar subsidiary and Proserpine?

Sucrogen now awaits creditors’ approval after striking a deal with Proserpine Administrators. Read ››

Samko Timber appoints Johan Yanto as Chief Financial Officer

Mr. Yanto will replace Untoro Angkawijaya, who had been given a new responsibility in the Group to oversee/develop a new business unit. Read ››

Who lost S$2.8m in Olam’s commodity financial business?

It recorded a quarterly loss of S$2.8m versus 1QFY11’s S$4.4m profit. Read ››

Olam International profit up 15.1% to S$34.2mn

The company was able to weather the growing and spreading sovereign debt crisis as well as a looming banking and financial crisis in Europe, among other global macroeconomic issues. Read ››

China Minzhong profit up 77.9%

The company cited better product mix, improved yield from maturing farmland, and higher operating efficiency as the drivers. Read ››

Golden Agri-Resources profit up 11% to US$110m in the third quarter

GAR profit for the first nine months more than doubled to US$520m, thanks to the recovery of palm products output. Read ››

CEO resignation unrelated to quarterly loss, says Noble Group founder

Richard Elman, now acting chief executive, said Ricardo Leiman’s departure was planned for some time. Read ››

In a nut shell: Olam enters hazelnuts business

Olam will acquire 100% of equity interests in hazelnuts exporter from Turkey. Read ››

Noble Group reports first quarterly loss in over a decade

The company lost US$17m – an overturn from last year’s gain of over US$157m; so what happened? Read ››

Noble Group saying goodbye to its agriculture business?

In terms of primary listing, that is. An application has been filed in relation to a possible spin-off and primary listing of Noble Group Limited’s agricultural commodities supply chain business on the Main Board of the Singapore Exchange Securities Trading Limited. Read ››

Wilmar’s profit jumps 24% to US$321m in 3Q11

Higher sales volume of agricultural products drove revenue up 69% to US$13.1b for the quarter. Read ››

China Fishery acquires a fishmeal plant

New plant in Ilo, the most important port city in South Peru, will enhance the utilisation of China Fishery’s fishing quota in the region. Read ››

Sino-Forest director resigns

James Bowland was a member of the Independent Committee, the Audit Committee and the Compensation and Nominating Committee. Read ››

Wilmar International appoints Ho Kiam Kong as Chief Financial Officer

He will be responsible for the group's finance, treasury and risk management functions, among others. Read ››

Maybe third time’s a charm?

Wilmar’s Sucrogen is left with bitter taste in their mouths as the sugar company fails for the second time to get support for the Proserpine acquisition. Read ››

Unilever returns to Golden Agri-Resources subsidiary

PT SMART Tbk said Unilever has resumed palm oil purchases with them. Read ››

Noble Group spin‐off may not pull through

Kim Eng says the spin-off might not even happen given the uncertain market environment. Read ››

Higher CPO production to drive Wilmar’s earnings in 3Q11

Higher production is expected from Wilmar’s oil palms over the next 3 years as a higher proportion of its plantation reaches the prime age of 7-18. Read ››

Noble Group may list agri-business on SGX

The group has filed an application relating to a primary listing of its agricultural business on the SGX Mainboard. Read ››

China Dairy Group names Li Jia as General Manager of Xi’An Yinqiao

The group gave weight to Li’s competence to manage the operations of Xi’An Yinqiao as its previous assistant manager. Read ››

Olam set for expansion in the next two years

UOB Kay Hian estimates that the group has sufficient debt capacity for funding of up to S$1.5b acquisitions and new investments. Read ››

Global Palm's slower expansion hampers future growth

The company’s new plantings of 445 ha in 1H11 only make up 27% of its target, hinting that it may not be able to reach its target at all. Read ››