El Nino

Like Godzilla, El Niño can cause immense destruction

SINGAPORE (Apr 29); Before the welcome relief in the form of thunderstorms towards the end of April this year, the weather was hot and dry. Meteorologists appear to be forecasting more hot and dry weather for parts of the Indonesian archipelago in the com

SINGAPORE (Sept 26): There is a 50-55% chance of an El Nino onset of fall this year from Sept to Nov with the probability increasing to 65-70% during winter 2018-19, say weather forecasters.

SYDNEY (MARCH 21): The discovery of a new surf spot allows a lucky board rider to commune with nature unfettered. Yet the inevitable influx of surfing hordes can also spur a burst of economic growth, according to new research.

SINGAPORE (Jan 31): UOB Kay Hian is maintaining its “overweight” call on the planation sector within Singapore and the region, noting that crude palm oil (CPO) prices are likely to stay firm throughout 1H17 as supply is still relatively tight.

SINGAPORE (Jan 24): Bumitama Agri, the holding company that operates oil palm plantations and mills in Indonesia, has garnered a “buy” with 97 target price by Maybank Kim Eng.

SINGAPORE (Jan 11): CIMB Securities remains “neutral” on the agribusiness sector while highlighting First Resources as its top “add” pick in Singapore for its superior output growth prospects, low-cost production.

SINGAPORE (Nov 1): DBS is maintaining its “buy” rating on Indofood Agri Resources and its target price of 58 cents, after the palm oil company posted core earnings of IDR130 billion ($13.8 million), which were above the brokerage’s expected IDR120 b

SINGAPORE (Aug 12): UOB is maintaining its “sell” call for Wilmar International with a target price of $3.05 as the agri-business group reported its first ever quarterly net loss.

SINGAPORE (Aug 12): Weak crude palm oil prices and production output continue to weigh on planter Golden Agri-Resources.