Agribusiness

Will Olam taste a sweet success this year?
26 Jan 12
It may have outperformed since the start of the year but analysts are still not entirely convinced.
Sino Grandness Food Ind. appoints Zhu Jun as Executive Director
25 Jan 12
His wealth of experience in investing gave him the job.
Noble Group set to name new CEO
16 Jan 12
Founder Richard Elman said the vacant executive helm will be filled up soon.
GMG Global appoints Alain Tien Sing Young as Vice President, Africa Region
4 Jan 12
The company put weight on his extensive executive experience in the continent.
Olam targets acquiring Macao Commodities Trading S.L.
22 Dec 11
The deal will offer an accelerated entry into the Spanish and larger Iberian market for Olam.
Wilmar acquisition sweetens stock outlook
20 Dec 11
Proserpine Sugar Mill purchase and low share price lead OCBC to upgrade call to Hold.
Sweet! Mill sale to Wilmar subsidiary approved, finally
9 Dec 11
Proserpine creditors will be paid in full before Christmas.
Wilmar International swamped with high inventory and delays
6 Dec 11
Double trouble as palm oil prices pick up and its plantation expansions run behind schedule.
Golden Agri Resources facing a slow growth harvest
5 Dec 11
Drop to 5% production growth expected in 2012, says Phillip Capital in a new report.
Reyphon Agriceutical appoints Xiang Zhijing as Group Finance Manager
2 Dec 11
Ms. Xiang will be tasked to handle finance and accounting matters of the Group.
Olam invests $49m to till Nigerian soils
2 Dec 11
It will set up a 6,000 hectare greenfield, fully integrated, mechanised and irrigated paddy farming and rice milling facility in one of Nigeria...
Californication: Wilmar ties up with Gavilon for Stockton facility
2 Dec 11
They will import and process palm, coconut and palm kernel oils to serve the California and neighboring West Coast markets.
Global Palm’s expansion to slow down in 2012
29 Nov 11
OCBC says not to expect much as GPR has further lowered its new planting target for 2012 to just 770 ha.
What you need to know about the commodities sector
24 Nov 11
Analyst described the outlook as mixed at best.
SPRING invests $45mn in food manufacturing industry
17 Nov 11
The initiative aimed to improve productivity by 20% as Singapore’s food industry enjoys a good reputation here and overseas.
Is sweet success near for Wilmar subsidiary and Proserpine?
17 Nov 11
Sucrogen now awaits creditors’ approval after striking a deal with Proserpine Administrators.
Samko Timber appoints Johan Yanto as Chief Financial Officer
15 Nov 11
Mr. Yanto will replace Untoro Angkawijaya, who had been given a new responsibility in the Group to oversee/develop a new business unit.
Who lost S$2.8m in Olam’s commodity financial business?
15 Nov 11
It recorded a quarterly loss of S$2.8m versus 1QFY11’s S$4.4m profit.
Olam International profit up 15.1% to S$34.2mn
14 Nov 11
The company was able to weather the growing and spreading sovereign debt crisis as well as a looming banking and financial crisis in Europe,...
China Minzhong profit up 77.9%
14 Nov 11
The company cited better product mix, improved yield from maturing farmland, and higher operating efficiency as the drivers.
Golden Agri-Resources profit up 11% to US$110m in the third quarter
14 Nov 11
GAR profit for the first nine months more than doubled to US$520m, thanks to the recovery of palm products output.
CEO resignation unrelated to quarterly loss, says Noble Group founder
11 Nov 11
Richard Elman, now acting chief executive, said Ricardo Leiman’s departure was planned for some time.
In a nut shell: Olam enters hazelnuts business
11 Nov 11
Olam will acquire 100% of equity interests in hazelnuts exporter from Turkey.
Noble Group reports first quarterly loss in over a decade
10 Nov 11
The company lost US$17m – an overturn from last year’s gain of over US$157m; so what happened?
Noble Group saying goodbye to its agriculture business?
10 Nov 11
In terms of primary listing, that is.
Wilmar’s profit jumps 24% to US$321m in 3Q11
9 Nov 11
Higher sales volume of agricultural products drove revenue up 69% to US$13.1b for the quarter.
China Fishery acquires a fishmeal plant
8 Nov 11
New plant in Ilo, the most important port city in South Peru, will enhance the utilisation of China Fishery’s fishing quota in the...
Sino-Forest director resigns
7 Nov 11
James Bowland was a member of the Independent Committee, the Audit Committee and the Compensation and Nominating Committee.
Wilmar International appoints Ho Kiam Kong as Chief Financial Officer
1 Nov 11
He will be responsible for the group's finance, treasury and risk management functions, among others.
Maybe third time’s a charm?
1 Nov 11
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...
Unilever returns to Golden Agri-Resources subsidiary
18 Oct 11
PT SMART Tbk said Unilever has resumed palm oil purchases with them.
Noble Group spin‐off may not pull through
17 Oct 11
Kim Eng says the spin-off might not even happen given the uncertain market environment.
Higher CPO production to drive Wilmar’s earnings in 3Q11
5 Oct 11
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...
Noble Group may list agri-business on SGX
5 Oct 11
The group has filed an application relating to a primary listing of its agricultural business on the SGX Mainboard.
China Dairy Group names Li Jia as General Manager of Xi’An Yinqiao
28 Sep 11
The group gave weight to Li’s competence to manage the operations of Xi’An Yinqiao as its previous assistant manager.
Olam set for expansion in the next two years
27 Sep 11
UOB Kay Hian estimates that the group has sufficient debt capacity for funding of up to S$1.5b acquisitions and new investments.
Global Palm's slower expansion hampers future growth
21 Sep 11
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...
Nestle to resume crude palm oil purchases from Golden Agri-Resources’ subsidiary
19 Sep 11
The food giant says further business will depend on PT SMART's ability to meet the responsible sourcing guidelines and RSPO certification....
Olam acquires sugar milling facility in India for US$73.8m
19 Sep 11
The company plans to invest a further US$6.6m to expand the facility's capacity from 3,500‐tonnes/day to 5,000 tonnes/day.
Positive surprises ahead for Golden Agri-Resources
15 Sep 11
The company is expected to post positive earnings in 3Q11, buoyed by still resilient crude palm oil prices.

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