Agribusiness
Golden Agri Resources lost US$1.77m in 2018
Golden Agri Resources lost US$1.77m in 2018
It blamed softer CPO prices and the losses from its joint venture.
Wilmar's FY2018 profits dropped 5.7% to US$1.13b
It blamed the African swine fever outbreak in China and weaker commodity prices.
Olam to invest $4.75b in key businesses until 2024
It will sell some of its assets to make its six-year strategic plan happen.
Olam International to shut its sugar trade desk
The decision comes after raw and white sugar futures finished 2018 at a ten-year low.
Wilmar braces for weaker soymeal demand and lower Q4 profits: report
Buyers have stocked up soymeal as they prepare for a potential shortage.
Daily Briefing: Wilmar may invest up to $1.38b in Russian soybean production; Lee warns ASEAN may need to choose over US or China amidst trade war escalation
And Scoot to move its operation to Changi Airport Terminal 1 by 2019.
Golden Agri's 6% output growth trailing behind peers and industry: analyst
The firm’s ‘floating rate’ borrowings also pose a threat to its earnings.
Wilmar set to weather through trade jitters
It is poised to be the largest downstream player in palm oil processing.
Olam International Q3 profits fell 14.2% to $20.7m
It blamed tough trading conditions in coffee and weaker performance from its peanut business and commodity financial services.
Golden Agri-Resources hit by $74.51m loss in Q3
Revenue from the oilseeds segment dropped 23.2% to $499.93m.
Wilmar Q3 profits jumped 18.2% to US$434.91m
It was backed by higher sales especially in its tropical oils segment.
First Resources Q3 profits climbed 22.2% to $53.76m
The increase was mainly driven by higher production volumes.
Chart of the Day: Here are the returns of the 5 biggest agri stocks in Q3
Wilmar’s returns hit 6.4%.
Weak crude palm oil prices could hurt Golden Agri
Demand contraction in EU and India could persist.
Here's a silver lining for agri stocks amidst the escalating trade war
Wilmar International and First Resources could benefit from cost reduction due to their currency exposure in Indonesian rupiah.
SEEDS Capital on the lookout for partners to invest in agrifood tech
They will provide up to $4m per deep tech startup.
Wilmar International buys rival Bunge's sugar operations
It includes both raw and refined sugar contracts.
Read Here
Advertise
Sign Up
