Agribusiness

Wilmar International to post stronger H2 results: analysts

The agribusiness giant recorded a 23% increase in its PATMI in the first half. 

Wilmar International to post stronger H2 results: analysts

The agribusiness giant recorded a 23% increase in its PATMI in the first half. 

First Resources output growth may exceed 5% in 2021: Maybank Kim Eng

The palm oil producer is expected to make up for its drop in net profit in the next six months.

First Resources net profit down 16.7% amidst volatile palm oil prices

First Resources’ reported a net profit of $32.6m for the first half of the year.

Olam Group EBIT jumps 51.4% to $641.6m

The company plans to list Olam Food Ingredients in both the London Stock Exchange and SGX soon.

Wilmar’s net profit rose 23% YoY to US$750.9m in H1 2021

This is on the back of higher profit from Feed and Industrial Products and Plantation & Sugar Milling.

SPTel platform digitalises urban farms for improved processes, crop yield

The platform by the joint venture between ST Engineering and SP Group was first deployed at AbyFarm. 

Japfa buys two dairy farms to boost China expansion

This comes as the Group plans to be the leading raw milk producer in China.

Daily Briefing: Largest meat processor back online following cyberattack; Huawaei launches OS; Trade tensions between Australia and China

Brazil-based meat processor JBS SA was hacked by Russian-speaking gang REvil, the Federal Bureau of Investigation said.

UOB grants green trade finance facilities to Musim Mas, Barramundi Group

More than S$90b of trade flows meet green and sustainable requirements in Singapore.

First Resources net profit drops by more than 60%

Higher export taxes in Indonesia stabbed at the palm oil producer’s profits.

Olam gets US$1b loan to acquire US spice manufacturer

Olam International Limited, through a subsidiary, has two years to pay for the acquisition of Olde Thomson.

Bumitama Agri suffers 36.4% profit decline over taxes

The company’s profit was affected by Indonesian government's CPO levy and export tax.

Wilmar net profit doubles to a record-breaking US$450.2m

All of the food processing firm's core business segments grew in the first quarter.

Japfa net profits up 36.9% amidst pandemic, swine flu

Japfa's net profits were up 36.9% to US$35.5m.

Olam expands business with US spice manufacturer acquisition

Olam Food Ingredients is set to acquire Olde Thompson for US$900m.

Mondelez, Olam Food to develop cocoa farm in Indonesia

The project will use advanced climate and plant science technology.

Olam International to issue $100m perpetual securities

Thise will be consolidated with its existing $250m securities, issued under the same programme.