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3 reasons why the worst could be over for Wilmar

Stanislaus Jude Chan
Stanislaus Jude Chan9/13/2019 12:21 PM GMT+08  • 4 min read
3 reasons why the worst could be over for Wilmar
SINGAPORE (Sept 13): Agribusiness group Wilmar International found itself crushed in 2Q19 by the African swine fever outbreak, which hit demand for soybeans.
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SINGAPORE (Sept 13): Agribusiness group Wilmar International found itself crushed in 2Q19 by the African swine fever outbreak, which hit demand for soybeans.

For the 2Q19 ended June, Wilmar posted a 52.3% drop in net profit from continuing operations to US$150.9 million ($209.5 million).

This was mainly due to lower crush margin, as the African swine fever led to reduced pig stocks in China, which in turn brought on lower demand for soybean meal.

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