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Agriculture Palm Oil

Soybean trades push Wilmar to first ever quarterly loss

Singapore-based agribusiness Wilmar reported its first ever quarterly loss in Q2, as mis-timed soybean purchases wiped out a positive performance from the firm’s palm oil processing business. The firm reported a net loss of $220.1mn for the quarter, attributing the red ink to “untimely purchases” of soybeans. The firm originally flagged the huge loss to…

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