Agribusiness
Wilmar could benefit from soybean prices hit by trade tensions
Soybean prices have fallen 4.6% since the US and China resumed announcing tariffs.
Wilmar could benefit from soybean prices hit by trade tensions
Soybean prices have fallen 4.6% since the US and China resumed announcing tariffs.
Daily Briefing: GrabCycle pauses sign-ups after oBike closes; Wilmar cuts ties with suppliers accused of deforestation
And a Singapore-based digital lender bags funding from SIG Asia Investments.
OCBC loans Wilmar US$200m with sustainability-based interest rate
The interest will be lowered in tiers if the sustainability target is met.
Plantation firms' Q1 profits hit by lower crude palm oil and FFB output
Production of fresh fruit bunches ranged from -2% to -35% for most companies.
Malaysian timber firm Jawala launches IPO
It expects proceeds worth $4m to go into plantation development.
Wilmar International bags loan facility of US$1.5b
It will be used to refinance its existing debt.
Wilmar looks to rice and flour to offset soybean business weakness
It is looking to grow its rice and flour segment, which accounts for 10% of the oilseeds and grains.
First Resources Q1 profit crashed 42.8% to US$27.73m
It was hit by the effects of inventory build-up and lower average selling prices.
Golden Agri Resources Q1 profit slumped 68.4% to US$11.85m
It was hit by lower production output and softer crude palm oil prices.
Olam International Q1 profits up 9.8% to $157.97m
Its sales jumped 8.5% to $6.3b.
Olam buys 60% stake in government-owned Cotontchad for $22.3m
Cotontchad is now a subsidiary of Olam.
Wilmar International Q1 profit crashed 40.6% to US$203.28m
It blamed the operating difficulties in its Tropical Oils business and seasonal sugar losses.
First Resources FFB nucleus production up 13.1% in Q1
Production was supported by improved yield and more new mature areas.
Is Bumitama Agri up for a good harvest in 2018?
Fresh fruit bunches grew at a healthy 20% in Q1.
How will Wilmar fare against hefty China soybean tariffs?
The company is the second largest soybean crusher in China.
Olam gets US$163m loan from ADB and JICA
The proceeds will be used mainly on Café Outspan Vietnam Limited.
Wilmar buys 50% of investment holder from Olam for $194.35m
Following the acquisition, Nauvu Investments is now a wholly-owned subsidiary of Wilmar.
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