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Flooding, commodity rout slash Sime Darby Q2 earnings by 47%

Kuala Lumpur

MALAYSIA'S Sime Darby, the world's biggest listed palm oil producer, said second-quarter net profit slid 47 per cent, hit by a commodities rout, flooding and an oversupply of competing oilseeds.

Malaysian palm oil prices, which set the tone for global prices, fell 9...

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