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All Industry News
All Industry News
Thu, 12 Jun 2008 12:08:00 GMT
Quarterly Glycerine Market Report
The June 2008 issue of our Quarterly Glycerine Market Report is now on line. Please click on the "Market Reports" section.
Mon, 9 Jun 2008 09:20:00 GMT
World Market Trend and Price Outlook of Palm Oil
A paper by Dorab E Mistry, Director of Godrej International Ltd.
To read more, please click here.
To read more, please click here.
Fri, 18 Apr 2008 17:38:00 GMT
Weak dollar hurts Cognis' North American operation
Cognis Group's global sales increased 4 percent to $3.5 billion euros, with lower sales in North America partially offsetting higher revenues in Germany and Asia. Sales at its Cincinnati-based North American business fell 4 percent to 766 million euros due to the decline in the value of the dollar, the company said Thursday.
The German-based producer of chemicals and food ingredients, which is owned by private equity funds, said organic sales growth excluding foreign currency effects and acquisitions and divestitures rose 6.5 percent.
Earnings before interest and taxes increased 9 percent to 225 million euros. A net loss of 120 million euros was attributed to the impact of certain financing fees, corporate tax changes in Germany, and a companywide cost-optimization project.
Sales at Cognis Oleochemicals, its joint venture with Malaysia's Sime Darby that operates a plant on Este Avenue in Cincinnati, were up 8 percent to 599 million euros.
The German-based producer of chemicals and food ingredients, which is owned by private equity funds, said organic sales growth excluding foreign currency effects and acquisitions and divestitures rose 6.5 percent.
Earnings before interest and taxes increased 9 percent to 225 million euros. A net loss of 120 million euros was attributed to the impact of certain financing fees, corporate tax changes in Germany, and a companywide cost-optimization project.
Sales at Cognis Oleochemicals, its joint venture with Malaysia's Sime Darby that operates a plant on Este Avenue in Cincinnati, were up 8 percent to 599 million euros.
Fri, 18 Apr 2008 17:28:00 GMT
Ides of March
The soothsayer in Shakespeare’s famous play Julius Caesar had warned Caesar just before his murder “Beware Ides of March” (middle of March as per Roman calendar). Nobody gave such warning to vegoil Traders who came away reassured from Kuala Lumpur that bullish sentiment was in tact and the long position on their books carried practically no risk.
To read more, please click here
To read more, please click here
Thu, 10 Apr 2008 12:20:00 GMT
Citigroup raised its earnings per share estimates for Croda
Citigroup raised its earnings per share (EPS) estimates for UK Oleochemicals producer Croda on high glycerine prices and favourable pound/euro exhcnage rate movements on Wednesday 9 April. Citigroup said buoyant demand, an aggressive pricing strategy and a boost from by-product glycerine prices in first quarter operating profit, should allow Croda to report robust first quarter profits.
Fri, 4 Apr 2008 10:48:00 GMT
Strike in Argentina
The farmers strike has been called off - farmers have agreed to a 30 days period of negotiation with the government over the question of export tax increases.
Meanwhile :
Meanwhile :
- the new export taxes are to be applied
- roads are free again and we expect local markets and logistics to normalize within the next 24-48 hours
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