Agribusiness
First Resources net profit down 16.7% amidst volatile palm oil prices
First Resources net profit down 16.7% amidst volatile palm oil prices
First Resources’ reported a net profit of $32.6m for the first half of the year.
Olam Group EBIT jumps 51.4% to $641.6m
The company plans to list Olam Food Ingredients in both the London Stock Exchange and SGX soon.
Wilmar’s net profit rose 23% YoY to US$750.9m in H1 2021
This is on the back of higher profit from Feed and Industrial Products and Plantation & Sugar Milling.
SPTel platform digitalises urban farms for improved processes, crop yield
The platform by the joint venture between ST Engineering and SP Group was first deployed at AbyFarm.
Japfa buys two dairy farms to boost China expansion
This comes as the Group plans to be the leading raw milk producer in China.
Daily Briefing: Largest meat processor back online following cyberattack; Huawaei launches OS; Trade tensions between Australia and China
Brazil-based meat processor JBS SA was hacked by Russian-speaking gang REvil, the Federal Bureau of Investigation said.
UOB grants green trade finance facilities to Musim Mas, Barramundi Group
More than S$90b of trade flows meet green and sustainable requirements in Singapore.
First Resources net profit drops by more than 60%
Higher export taxes in Indonesia stabbed at the palm oil producer’s profits.
Olam gets US$1b loan to acquire US spice manufacturer
Olam International Limited, through a subsidiary, has two years to pay for the acquisition of Olde Thomson.
Bumitama Agri suffers 36.4% profit decline over taxes
The company’s profit was affected by Indonesian government's CPO levy and export tax.
Wilmar net profit doubles to a record-breaking US$450.2m
All of the food processing firm's core business segments grew in the first quarter.
Japfa net profits up 36.9% amidst pandemic, swine flu
Japfa's net profits were up 36.9% to US$35.5m.
Olam expands business with US spice manufacturer acquisition
Olam Food Ingredients is set to acquire Olde Thompson for US$900m.
Mondelez, Olam Food to develop cocoa farm in Indonesia
The project will use advanced climate and plant science technology.
Olam International to issue $100m perpetual securities
Thise will be consolidated with its existing $250m securities, issued under the same programme.
Golden Agri records better performance on higher CPO prices: analyst
It has posted a 15% drop in its FY2020 net profit to US$230m.
Japfa profits soar by 168% in 2020
The agri-food firm's profits were driven by its operations in Vietnam and China.
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