Agribusiness
Wilmar to boost profit as China lifts price caps for retail vegetable oils
Assuming a 6-month impact, the company could now gain around US$15m, says CIMB.
Wilmar to boost profit as China lifts price caps for retail vegetable oils
Assuming a 6-month impact, the company could now gain around US$15m, says CIMB.
Not so sweet: Wilmar expects losses in sugar milling
Operations of its subsidiary Sucrogen are forecast to be back-end loaded due to seasonality.
Wilmar International plans to buy business assets of PCSMA
The purchase, pending approval, would increase subsidiary’s milling capacity by about two million tones.
Massive $173 billion will be invested in new aussie mines
And new projects are threatened by cost overruns and delays as economy struggles to cope with size of new projects.
Indonesia imposes moratorium on new land permits
Palm-oil producers and mining companies rejoice at the two-year moratorium on new concession permits for forests and peat lands.
Olam launches $1.25bln syndicated term loan facility
Part of the proceeds will be used for the expansion of the company’s supply chain management business.
Golden Agri-Resources' net profit up by 150.7% to US$228.8M in 2010
Now Golden Agri readjusted their projected net profit for 2011 from US$ 375M to US$879M, says a report.
Strong volumes boost Olam earnings for 3Q11
The food products supplier’s net profit jumped 43% YoY to S$127mln on the back of improved NC per ton for all but two of its segments.
Olam net profit surges 55.9% in nine months FY11
Olam reported a Net Profit After Tax of S$265.9 million for the nine months ended March 31, 2011.
Poor catch in Peru seas hurt China Fishery’s net profit for 2Q11
The fishing company's net profit fell 2.4% YoY to US45.8mln due to weak Peruvian fishmeal operations.
Pacific Andes announces TDR listing
The seafood distributor has submitted an application to the Taiwan Stock Exchange (TWSE) to issue Taiwan Depository Receipts (TDRs) on the TWSE.
KKR in talks to buy Oceanus
The deal to privatise the abalone farmer is worth ~US$500mln (S$612.5mln), according to various sources.
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.
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