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Wilmar International expects strong palm oil prices to boost its plantation business, though manufacturing margins may be hit. Its first-quarter net profit rose 100.9% to $450.22 million, the largest first-quarter profit since its listing.
Sustained high palm oil prices reflect tight vegetable oil supply, keeping feed fat costs elevated, though the earnings report itself does not move prices directly.
spglobal.comApr 29, 2021After 149 past bullish report events, Palm Oil moved a median +0.5% over 5 sessions (57% higher; middle half -1.1% to +1.8%), and +0.8% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
