Agribusiness
Wilmar International profit ballooned 436.6% to US$316.4m in Q2
Wilmar International profit ballooned 436.6% to US$316.4m in Q2
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
Shares were bought by the Aboitiz Group's Pilmico.
Falling CPO prices threaten Golden Agri Resources's growth
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
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
And a Singapore-based digital lender bags funding from SIG Asia Investments.
OCBC loans Wilmar US$200m with sustainability-based interest rate
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
Production of fresh fruit bunches ranged from -2% to -35% for most companies.
Malaysian timber firm Jawala launches IPO
It expects proceeds worth $4m to go into plantation development.
Wilmar International bags loan facility of US$1.5b
It will be used to refinance its existing debt.
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.
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