Brief: Golden Agri-Resources says upstream projected 2016 capex us$70 million
14/11/2016 09:12
Nov 14 (Reuters) - Golden Agri-resources Ltd GAGR.SI
* "We expect cpo price to remain supported by lower
production due to el nino and implementation of indonesia
biodiesel mandate"
* Upstream projected 2016 capex us$70 million
* Projected 2016 capex us$110 million for downstream
* "GAR remains confident with robust demand growth for palm
oil in long term"
* "GAR is evaluating strategic alternatives and business
model adjustment for china oilseed business"
Source text for Eikon: ID:nSNZ9BD3mm
Further company coverage: GAGR.SI
((Bangalore.newsroom@thomsonreuters.com ;))
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