World Grain -- December 2015 - (Page 14)

NEWSREVIEW Wilmar's oilseed, grain segment earnings surge SINGAPORE - Wilmar International Limited reported on Nov.  WKDW LWV 2LOVHHGV DQG *UDLQV VHJPHQW VDZ SUHWD[ SUR¿W VXUJH WRPLOOLRQLQWKHWKLUGTXDUWHUIURPPLOOLRQLQ the same quarter a year earlier. The company said the growth was driven by higher volume and better margins for the soybean crushing and consumer products businesses. )RU WKH ¿UVW QLQH PRQWKV RI WKH \HDU SUR¿W EHIRUH WD[ IRU WKH segment grew 127.7% to $525.6 million. The sales volume for the Oilseeds and Grains business segment increased by 1.6 million tonnes to 8 million tonnes in the third quarter and to 21.3 million WRQQHVIRUWKH¿UVWQLQHPRQWKV ³7KHJURXSH[SHFWVSHUIRUPDQFHRIWKH2LOVHHGV *UDLQVVHJ- ment to remain satisfactory," said Kuok Khoon Hong, chairman DQG FKLHI H[HFXWLYH RI¿FHU ³7KH FRPSDQ\ UHSRUWHG WKDW RYHUDOO FRUH QHW SUR¿W IRU WKH WKLUG TXDUWHU ZDV  PLOOLRQ RU  HDUQLQJVSHUVKDUHGRZQIURPPLOOLRQRULQ the same period as last year. Sales were also down 7.6% to $10.6 billion from $11.5 billion. Revenue for the third quarter were low due to commodity prices, Wilmar said. Also during the period, regional currencies such as the Malaysian Ringgit, Indonesian Rupiah and Chinese Renminbi depreFLDWHG VLJQL¿FDQWO\ EXW WKH FRPSDQ\ GLG QRW VXIIHU IRUHLJQ H[change losses due to effective hedging. Ardent Mills stake to stay with ConAgra Brands OMAHA, NEBRASKA, U.S. - Bringing clarity to an earlier anQRXQFHPHQWDERXWWKHIXWXUHRILWVMRLQWYHQWXUHVWKHVWDNHLQ Ardent Mills owned by ConAgra Foods, Inc. will be part of ConAgra Brands rather than Lamb Weston as part of the planned split of ConAgra Foods into two separate publicly traded companies. ConAgra Foods is planning to break up the company into two independent, publicly traded businesses - one to be called ConAgra Brands and to be made up of the ConAgra Foods' consumer brands business, and the other to be named Lamb Weston, including ConAgra Foods' frozen potato assets. During a conference call with investment analysts Nov. 18, Sean &RQQROO\ SUHVLGHQW DQG FKLHI H[HFXWLYH RI¿FHU RI &RQ$JUD )RRGV Inc., discussed plans for ConAgra's milling company stake. Ardent 0LOOVIRUPHGLQE\FRPELQLQJWKHPLOOLQJDVVHWVRI&RQ$JUDDQG +RUL]RQ0LOOLQJ//&LVWKHODUJHVWÀRXUPLOOLQJFRPSDQ\LQWKH86 "ConAgra Brands will also include several businesses that have DVWURQJFRQQHFWLRQWRRXUH[LVWLQJUHWDLOEXVLQHVV²WKHWUDGLWLRQDO food service business, currently part of our Commercial Foods segment; and select private label operations we're retaining in the pending sale of private brands," he said. "ConAgra Brands will also retain SpiceTec Flavors & Seasonings, JM Swank, and the interest in our Ardent Mills joint venture." Connolly said the decision to split ConAgra into two publicly traded companies was consistent with his earlier statements declaring the company would consider all options in staking out a path toward improved investment returns for shareholders. Noble Agri reports loss in quarter HONG KONG, CHINA - Noble Group's Corporate & Others segment, which includes Noble Agri Limited (NAL), reported on Nov. DORVVRIPLOOLRQFRPSDUHGWRDPLOOLRQSUR¿WLQWKH same period of last year.. Noble Agri has continued to operate at a loss in the nine months ended Sept. 30, as it has continued to be impacted by lower sugar prices. The latest quarter also saw rain impacting the ramp up of the seasonal harvest and lowering sugar yields. The market recovered rapidly in recent weeks after the quarter end to trade in and around 15¢ a pound, and with increased demand for domestic ethanol coming through, sentiment regarding the medium- term outlook may have improved, Noble said. Domestic Brazilian prices for both hydrous and anhydrous ethanol have recovered in Sao Paulo state by 30% since September. Current pricing structures are already having an impact on the PLOOV¶¿QDQFLDOSHUIRUPDQFHDQGFRXOGHQVXUH±RQH[LVWLQJIRUHFDVWV DOORWKHUWKLQJVEHLQJHTXDO±WKHPLOOVJHQHUDWLQJVLJQL¿FDQWO\LPproved results in 2016. 1REOH*URXSUHSRUWHGDQRYHUDOOQHWSUR¿WRIPLOOLRQLQ the third quarter, down 83.9% from $153.9 million. Sales were also down from $23.3 billion to $18.6 billion in the same quarter of last year. GET ALERTED BY E-MAIL AS SOON AS THE LATEST ISSUE OF WORLD GRAIN MAGAZINE IS AVAILABLE ONLINE Sign up for a digital alert at www.world-grain.com For more information, see Page 90. 14 December 2015 / World Grain / www.World-Grain.com http://www.world-grain.com

Table of Contents for the Digital Edition of World Grain -- December 2015

World Grain -- December 2015
Table of Contents
From the Editor-in-chief - Milling differs from Warren Buffett
Calendar of Events
Second Oilseed Congress scheduled for Feb. 9-10
News Review - Tiger pulls financial support from Dangote Flour Mills
European Parliament rejects national GMO bans
Olam 3Q operational earnings up
Wilmar’s oilseed, grain segment earnings surge
Ardent Mills stake to stay with ConAgra Brands
Noble Agri reports loss in quarter
The Andersons reports loss on Grain Group decline
IGP Institute names interim associate director
Cargill’s new South Korean feed mill is its largest in the world
ADM opens two plants in China
GSFMO privatizes its flour mills
GrainCorp 2015 earnings down
Tiger Brands year-end earnings offset by international operations
Cargill makes executive leadership changes
Glencore agricultural production up
Grain Market Review - Oilseeds
Country Focus - Spain
Feature - Going from margin to mainstream
Feature - Record Turnout in Dubai
Feature - IAOM takes show to Indonesia
Feature - Indonesia's milling giant may expand
Indonesia in numbers
Feature - An end to the bear market?
Feature - Big turnout expected for IPPE 2016
Feature - Shaping the global feed industry
Feed Operations - Bucket elevator selection and installation tips
Supplier News
Product Showcase
World Grain Archive
Ad Index/Reader Information Form International Faxback Program

World Grain -- December 2015

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