Home Views Commodities

Don't forget the NOW sector

Nirgunan Tiruchelvam
Nirgunan Tiruchelvam6/23/2022 01:21 PM GMT+08  • 5 min read
Don't forget the NOW sector
Photo: Unsplash
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

The poor performance of commodity traders on Singapore Exchange (SGX) has baffled investors. Corn and wheat are at the highest levels since 2012. The Bloomberg Commodity Index is up 24% year-to-date. Western commodity traders such as Glencore, Bunge and Archer-Daniels-Midland are soaring.

But, Olam Group and Wilmar International, two of the SGX-listed commodity traders, are floundering. They are down in a food price spike.

This is odd. Olam and Wilmar were winners in previous commodity bull runs. In the 2006-08, Wilmar quadrupled in value. Olam more than doubled. These companies are processors that trade in the stock market like producers.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now