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| Wilmar - SGX |
Lets see what Wilmar has been up to. China has allowed suppliers to raise the price of cooking oil and Wilmar has done just that. Prices will rise about 5%. Wilmar is the largest owner of branded packaged edible oils in China with a market share of about 45%. Good news?
Still the prices are retreating due to massive sell-off. However do take note that the commercials are still net long!
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