Agribusiness

Food prices to reach record high in 2011

The demand for meat, oilseeds and grain may drive global food prices to reach 4.4% to a record by the end of the year.

Food prices to reach record high in 2011

The demand for meat, oilseeds and grain may drive global food prices to reach 4.4% to a record by the end of the year.

Malaysian palm oil firm files defamation suit against Wilmar subsidiary

Pacific Inter-Link Sdn Bhd (PIL) issues a writ of summons against Wilmar Trading Pte Ltd (WTPL) for alleged defamation and unlawful interference with...

Tata Chemicals to acquire 25.1% stake in Olam worth US$290mn

Risk on project execution is significantly reduced as the two companies brings critical expertise in project management, production, operations and...

Radioactive fish or toxic investors: What's killing China Fisheries' stock price?

So far, the company cannot explain its 30% loss in today’s trading, but a research firm says the share prices might be a casualty of the Japan...

Bayer commits $35.8mln for new Singapore lab

The new research unit will work with technologies like DNA market analysis and molecular assisted breeding.

Olam bags $1.3bn gas deal with Gabon

The agreement with Gabon is to set up a port-based Ammonia-Urea complex.

Damage to Japanese nuclear reactors seen to have minimal impact on Noble

No meaningful impact on the thermal coal demand is expected, as DBS understands peak-load plants in Japan are mostly oil-fired.

Noble Group net profit increased to US$606 million in 2010

The Group reported record revenue of US$56.7 billion for FY 2010.

Golden Agri-Resources achieved record net profit of US$1.42bn in 2010

Full year core net profit almost doubled to US$387 million, while EBITDA reached US$661 million.

Olam acquired 1.3mn hectares of Forest Stewardship Council certified forest areas

Congolaise Industrielle des Bois has obtained Forest Stewardship Council certification for an additional 571,100 hectares of natural forest areas.

Olam accounting concerns: statement refutes three contentions in CLSA report

Issues raised include export incentives, differences in audited and unaudited accounts and negative EVA.

Wilmar reported net profit of US$318.6mn in 4Q 2010

Excluding biological asset gains, 4Q10 net profit was US$117.8 million.

Golden Agri-Resources reacts to Greenpeace campaign with new policy

The policy pushes the Singapore-listed firm to have no development on High Carbon Stock forests, High Conservation Value forest areas and peat lands...

Olam to acquire tt Timber International from Dalhoff Larsen Horneman

The acquisition will provide Olam with steady US$106-133 million revenues and 16-19% EBITDA margins from two African countries by 2014.

China Fishery profit up 23.5% to US$116.5mln

The company sees sustained growth as demand for fish is expected to remain robust while seafood prices are also on a positive trend.

China Fishery inks US$425mln club loan facility

Facility to further strengthen the Group’s financial position and capital structure for possible future growth opportunities.

Olam invests US$1.3bln for fertilizer production

Forms joint venture with Republic of Gabon to set up a port-based ammonia-urea fertilizer complex.