Sep 11, 2012 | Agriculture, Industries, News Group
Opened higher and traded as high as RM2364 per ton, the benchmark January 2013 contracts of crude palm oil (CPO) ended lower by RM20 to RM2316 per ton Friday (Nov 9). November deliveries also down to RM2245 per ton. Ample of supply in Indonesia and Malaysia weighed...
Sep 11, 2012 | Agriculture, Industries, News Group
Wilmar International Ltd booked net profit of US$405.75 million in the third quarter ended September 2012, jumped 26.4% from the corresponding period of last year despite 5.7% drop in revenues to US$12.35 billion. This has cut Wilmar International’s net profit...
Sep 4, 2012 | Agriculture, Industries, News Group
Ten plantation firms listed on Indonesia Stock Exchange (IDX) reported a combined sales revenue of Rp70.42 trillion or about US$7.8 billion last year, surged 40.5% from 2010. Their combined profit before tax increased 35% to Rp13.9 trillion. Their combined tax...
Sep 1, 2012 | Agriculture, Industries, News Group
The Jakarta Globe quoted Ambono Januarianto, president director of Bakrie Sumatra Plantations (UNSP) in December 2010 saying the company expected Rp1 trillion of revenues from oleochemical segment in 2011. In nine months of 2011, however, the segment only contributed...
Sep 1, 2012 | Agriculture, Industries, News Group
If you visit arthagraha.net, you will not find any company under Artha Graha Group with interest in palm oil business. You may have noticed the difference with visiting the website few years back. It is not clear whether it has something to do with the ongoing...
Aug 11, 2012 | Agriculture, Industries, News Group
President’s Special Delivery Unit (UKP4) head Kuntoro Mangkusubroto has reminded ministry of agriculture to immediately issue a regulation that caps ownership of oil palm plantation to 100,000 hectares for each group (holding company). How serious? How about...
Aug 10, 2012 | Agriculture, Industries, News Group
The rebound was short-lived. Crude palm oil (CPO) dropped again Monday (October 8) in both futures and physical market. The benchmark December contract down almost 2% to RM2368 per ton, while October contracts settled at RM2225 per ton. January and February 2013...
Aug 8, 2012 | Agriculture, Industries, News Group
Pressures on crude palm oil (CPO) continue Wednesday (Aug 6) as August contracts slashed RM89 to RM2785 per ton, while September contracts fell RM63 to RM2,821 per ton. Plantation shares, interestingly, ended mixed in narrow range in the region. Price moved in narrow...
Aug 3, 2012 | Agriculture, Industries, News Group
Petra Foods Limited, a company listed on Singapore Exchange (SGX) but with substantial operation in Indonesia reported 34.6% net profit growth to US$78.7 million last year as its sales revenue grew 8.7% to US$1.7 billion. We have also seen aggressive expansion in the...
Jul 10, 2012 | Agriculture, Industries, News Group
Can you identify which major group does not have oil palm plantation business? Most coal players are also palm oil producers. But, not all palm oil giants are in the coal business. Here we are, four provinces in Kalimantan have issued plantation licenses covering more...
