date:Aug 06, 2015
Wilmar International expects Chinese soybean crushing margins to remain above the breakeven point for the rest of the year.
The Singapore-listed food and agriculture group saw earnings rise thanks to the increased profitability of processing oilseeds in China.
Pre-tax profits at Wilmars oilseeds and grains segment jumped to $115.9m, compared with $41.5m over the same time last year, with manufacturing volumes up 21%, as crush margins widened.
Positive margins
Crush margins, the difference in