Agribusiness

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.
Wilmar eyes China expansion
1 Mar 18
Management intends to further expand its businesses in rice, flour and related consumer products.
Bumitama Agri Q4 profits down 21.2% to $33.54m
27 Feb 18
Biodiesel revenue was cut down after it closed its production plant.
Golden Agri Resources hit by $38.25m loss in Q4
27 Feb 18
It warned that it will continue to be hurt by prices of crude palm oil and competing seed oils.
Olam 2017 profits grew 65.3% to $580.74m
27 Feb 18
Its sales volume rose 56.3%, led by growth in grains and edible oils.
Wilmar's profits grew 25.4% to $1.58b in 2017
23 Feb 18
Oilseeds & Grains profit rose to $272.33m thanks to stronger sales.
Olam announces 100% interest in newly incorporated subsidiaries
22 Jan 18
It has also acquired 546,000 Long Son ordinary shares for $20m.
Wilmar's profits to turn sour due to delayed sugar harvest
18 Jan 18
It's expected to make profits of $476.39m, down from last year's $780.09m.
Wilmar turns Perennial into associate company for $45.55m
21 Dec 17
It raised its stake in the company from 16.89% to 20%.
Asian sugar giant invests $134.89m in Olam subsidiary
18 Dec 17
The two are looking for opportunities in sugar milling and refining in Indonesia.
Wilmar International appoints Lim Siong Guan as independent non-executive director
11 Dec 17
He will be appointed on 1 January 2018.
Olam bags $148.26m from farmland sale
3 Dec 17
It sold 5,100 acres of a Californian farmland.
Wilmar to convert credit facility with ING into sustainability loan
27 Nov 17
The collaboration is the first in the palm oil industry.
Golden-Agri Resources subsidiary to sell oilseeds unit
27 Nov 17
It’s a strategic move to dispose of its non-core oilseed assets.
Wilmar establishes eight subsidiaries
26 Nov 17
They were formed in Singapore, South Africa, and Tanzania.
Wilmar subsidiary to buy edible oil facilities in Malaysia
21 Nov 17
The facilities include a palm oil refinery and storage facility.
Wilmar International appoints Jeremy Tan Kok Liann as group head, human resources
17 Nov 17
He has 20 years of experience in human resources.
Jayaraman Vishwanathan resigns as Meghmani Organics' director
15 Nov 17
He resigned on health ground.
Olam International's profits up 17.5% to $24.1m in Q3
15 Nov 17
Sales volume grew 44.4% in nine months.
Bumitama Agri profit up 30.3% to $31.12m in Q3
15 Nov 17
The recovery in palm production contributed to higher sales volume.
Golden Agri-Resources' profit drops 80% to $59.5m in Q3
14 Nov 17
Strong production figures that failed to offset the deferred tax.
First Resources profit down 11.3% to $46.28m in Q3
14 Nov 17
Production grew at a slower pace this quarter.
Wilmar profits down 5.7% to $503.72m in Q3
14 Nov 17
The weak performance of the tropical oils and sugar business is to blame.

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