Wilmar’s Q2 results boosted by positive biodiesel economics

In Singapore, The Edge reports that Wilmar’s Q2 was saved in large part thanks to biodiesel due to the positive spread between crude palm oil and gasoil, a feature that is likely to continue throughout the year. Looking ahead into 2019, discretionary demand from the European Union thanks to this positive spread as well as higher blending in Indonesia are expected to further support the company. On the soy side, the company is concerned about the uncertainties resulting from the US’s trade war with China.