Agribusiness

Wilmar braces for weaker soymeal demand and lower Q4 profits: report
20 Nov 18
Buyers have stocked up soymeal as they prepare for a potential shortage.
Daily Briefing: Wilmar may invest up to $1.38b in Russian soybean production; Lee warns ASEAN may need to choose over US or China amidst trade war escalation
16 Nov 18
And Scoot to move its operation to Changi Airport Terminal 1 by 2019.
Golden Agri's 6% output growth trailing behind peers and industry: analyst
16 Nov 18
The firm’s ‘floating rate’ borrowings also pose a threat to its earnings.
Wilmar set to weather through trade jitters
15 Nov 18
It is poised to be the largest downstream player in palm oil processing.
Olam International Q3 profits fell 14.2% to $20.7m
14 Nov 18
It blamed tough trading conditions in coffee and weaker performance from its peanut business and commodity financial services.
Golden Agri-Resources hit by $74.51m loss in Q3
13 Nov 18
Revenue from the oilseeds segment dropped 23.2% to $499.93m.
Wilmar Q3 profits jumped 18.2% to US$434.91m
13 Nov 18
It was backed by higher sales especially in its tropical oils segment.
First Resources Q3 profits climbed 22.2% to $53.76m
12 Nov 18
The increase was mainly driven by higher production volumes.
Chart of the Day: Here are the returns of the 5 biggest agri stocks in Q3
14 Oct 18
Wilmar’s returns hit 6.4%.
Weak crude palm oil prices could hurt Golden Agri
26 Sep 18
Demand contraction in EU and India could persist.
Here's a silver lining for agri stocks amidst the escalating trade war
24 Sep 18
Wilmar International and First Resources could benefit from cost reduction due to their currency exposure in Indonesian rupiah.
SEEDS Capital on the lookout for partners to invest in agrifood tech
12 Sep 18
They will provide up to $4m per deep tech startup.
Wilmar International buys rival Bunge's sugar operations
22 Aug 18
It includes both raw and refined sugar contracts.
Acquisitions could bolster Wilmar International to access new markets
19 Aug 18
The firm is on a buying spree with the latest acquisition priced at US$600m.
Wilmar International eyes China IPO
15 Aug 18
China contributed around 60% to the firm's pre-tax profits.
Golden Agri hit by $53.6m Q2 loss amidst weaker palm oil prices
14 Aug 18
Its oilseeds segment also succumbed to uncertainties caused by the trade wars.
Olam International profit crashed 36.4% to $93.91m in Q2
14 Aug 18
Weaker performance from the coffee, peanuts and edible oils segment hit earnings.
Wilmar International profit ballooned 436.6% to US$316.4m in Q2
14 Aug 18
It was pushed by the strong performances of oilseeds and grains and tropical oils segments.
Singapore-based feed producer Gold Coin sold majority stakes for US$550m
20 Jul 18
Shares were bought by the Aboitiz Group's Pilmico.
Falling CPO prices threaten Golden Agri Resources's growth
11 Jul 18
Prices have been down 6% so far, whilst GAR’s shares have dropped by 16%.
Wilmar could benefit from soybean prices hit by trade tensions
2 Jul 18
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
26 Jun 18
And a Singapore-based digital lender bags funding from SIG Asia Investments.
OCBC loans Wilmar US$200m with sustainability-based interest rate
8 Jun 18
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
29 May 18
Production of fresh fruit bunches ranged from -2% to -35% for most companies.
Malaysian timber firm Jawala launches IPO
25 May 18
It expects proceeds worth $4m to go into plantation development.
Wilmar International bags loan facility of US$1.5b
24 May 18
It will be used to refinance its existing debt.
Wilmar looks to rice and flour to offset soybean business weakness
15 May 18
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
15 May 18
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
15 May 18
It was hit by lower production output and softer crude palm oil prices.
Olam International Q1 profits up 9.8% to $157.97m
14 May 18
Its sales jumped 8.5% to $6.3b.
Olam buys 60% stake in government-owned Cotontchad for $22.3m
14 May 18
Cotontchad is now a subsidiary of Olam.
Wilmar International Q1 profit crashed 40.6% to US$203.28m
10 May 18
It blamed the operating difficulties in its Tropical Oils business and seasonal sugar losses.
First Resources FFB nucleus production up 13.1% in Q1
9 May 18
Production was supported by improved yield and more new mature areas.
Is Bumitama Agri up for a good harvest in 2018?
8 May 18
Fresh fruit bunches grew at a healthy 20% in Q1.
How will Wilmar fare against hefty China soybean tariffs?
5 Apr 18
The company is the second largest soybean crusher in China.
Olam gets US$163m loan from ADB and JICA
29 Mar 18
The proceeds will be used mainly on Café Outspan Vietnam Limited.
Wilmar buys 50% of investment holder from Olam for $194.35m
22 Mar 18
Following the acquisition, Nauvu Investments is now a wholly-owned subsidiary of Wilmar.
APAC will lead container handling equipment market to 2025
13 Mar 18
Singapore, China, Japan, South Korea, and India are seen as the key markets.
First Resources beats trending decline in fresh fruit bunches growth
11 Mar 18
Other companies registered drops in FFB production ranging from -1.0% to -16.7%.
First Resources profit plunged 41.1% to US$34.2m in Q4
4 Mar 18
It blamed average selling prices which fell despite high sales volumes.

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