Agribusiness
Golden Agri’s net profit surged to $645.5m in 2021
Upstream and downstream businesses contributed to Golden Agri’s stronger performance.
Olam posts all-time high operational PATMI 41.8% increase to $961.1m
Thanks to the group's reorganisation.
Olam acquires 10% of Saudi flour mill
The equity consideration was around $18.02m.
Temasek establishes the Asia Sustainable Foods Platform
The platform aims to accelerate the commercialisation of sustainable foods in Asia.
First Resources sales heighten by 89.2% to $424.8m for Q3
This was driven by the group's higher average selling prices of palm oil.
GAR profit soars 580% YoY to $189.82m in Q3
This growth was also reflected in its EBITDA with 145% increase.
Olam launches end-to-end carbon management platform
It will support MAS' sustainability agenda.
Japfa net profit down 12.4%
Strict lockdowns and restrictions affected the demand for its protein products.
Wilmar International to post stronger H2 results: analysts
The agribusiness giant recorded a 23% increase in its PATMI in the first half.
First Resources output growth may exceed 5% in 2021: Maybank Kim Eng
The palm oil producer is expected to make up for its drop in net profit in the next six months.
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.
Read Here
Advertise
Sign Up
Commentary
Lorem Ipsum Commentary