SINGAPORE (Aug 13): Shares in commodity giant Wilmar International crashed last month from as high as $3.29 in June to just $3 on July 17. The counter was probably affected by trade war concerns. In July, China imposed a 25% duty on soybeans imported from the US. Wilmar has an oilseed crushing business that uses soybeans as a feedstock, and higher soybean prices would affect the utilisation and operating margin of its crushing plants.

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