Wilmar sees better China soya bean crushing margins
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Singapore
EVEN as its shares closed 3.9 per cent lower at $3.21 yesterday, in response to a lacklustre set of first-quarter results, Wilmar International said the soya bean processing situation in China will not stay as severe.
"(The) first quarter of 2014 is the worst I've ever experienced (since Wilmar got into the crushing business in 1995)," said CEO Kuok Khoon Hong at its results briefing yesterday. "Second quarter should not be as bad."
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