Agribusiness
Wilmar’s profit jumps 24% to US$321m in 3Q11
Higher sales volume of agricultural products drove revenue up 69% to US$13.1b for the quarter.
China Fishery acquires a fishmeal plant
New plant in Ilo, the most important port city in South Peru, will enhance the utilisation of China Fishery’s fishing quota in the region.
Sino-Forest director resigns
James Bowland was a member of the Independent Committee, the Audit Committee and the Compensation and Nominating Committee.
Wilmar International appoints Ho Kiam Kong as Chief Financial Officer
He will be responsible for the group's finance, treasury and risk management functions, among others.
Maybe third time’s a charm?
Wilmar’s Sucrogen is left with bitter taste in their mouths as the sugar company fails for the second time to get support for the Proserpine...
Unilever returns to Golden Agri-Resources subsidiary
PT SMART Tbk said Unilever has resumed palm oil purchases with them.
Noble Group spin‐off may not pull through
Kim Eng says the spin-off might not even happen given the uncertain market environment.
Higher CPO production to drive Wilmar’s earnings in 3Q11
Higher production is expected from Wilmar’s oil palms over the next 3 years as a higher proportion of its plantation reaches the prime age of 7-18.
Noble Group may list agri-business on SGX
The group has filed an application relating to a primary listing of its agricultural business on the SGX Mainboard.
China Dairy Group names Li Jia as General Manager of Xi’An Yinqiao
The group gave weight to Li’s competence to manage the operations of Xi’An Yinqiao as its previous assistant manager.
Olam set for expansion in the next two years
UOB Kay Hian estimates that the group has sufficient debt capacity for funding of up to S$1.5b acquisitions and new investments.
Global Palm's slower expansion hampers future growth
The company’s new plantings of 445 ha in 1H11 only make up 27% of its target, hinting that it may not be able to reach its target at all.
Nestle to resume crude palm oil purchases from Golden Agri-Resources’ subsidiary
The food giant says further business will depend on PT SMART's ability to meet the responsible sourcing guidelines and RSPO certification.
Olam acquires sugar milling facility in India for US$73.8m
The company plans to invest a further US$6.6m to expand the facility's capacity from 3,500‐tonnes/day to 5,000 tonnes/day.
Positive surprises ahead for Golden Agri-Resources
The company is expected to post positive earnings in 3Q11, buoyed by still resilient crude palm oil prices.
Wilmar apparently not giving up on PCSMA
Wilmar subsidiary Sucrogen gets a second chance with PCSMA members voting once more in October on the purchase offer.
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