Agribusiness
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.
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.
First Resources beats trending decline in fresh fruit bunches growth
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
It blamed average selling prices which fell despite high sales volumes.
Wilmar eyes China expansion
Management intends to further expand its businesses in rice, flour and related consumer products.
Bumitama Agri Q4 profits down 21.2% to $33.54m
Biodiesel revenue was cut down after it closed its production plant.
Golden Agri Resources hit by $38.25m loss in Q4
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
Its sales volume rose 56.3%, led by growth in grains and edible oils.
Read Here
Advertise
Sign Up
Commentary
Singapore Companies Eye Vietnam to Navigate Manufacturing Shifts, Green Transition, and the AI Revolution
AI is revolutionising learning: Why should educational institutions in Singapore embrace this change?
Seeking an office space in Singapore: Where do you start?