Wilmar Posts Record Profit Amid Oilseed Slump
Despite a global oilseed downturn, Asia’s agribusiness giant Wilmar posted a record US$1.28 billion profit, driven by expanded crushing margins due to integrated supply chain management and operational efficiency. Wilmar's finance team identified cost discipline, raw material sourcing, and agile logistics as key drivers of margin resilience. This demonstrates how FP&A can influence operating outcomes by linking analytics with operations.
Wilmar International, headquartered in Singapore, operates in about 50 countries with over 1,000 manufacturing facilities. The agribusiness giant ranks 198th on the Fortune Global 500 list. In 2024, Wilmar reported a net turnover of US$67.38 billion. Wilmar's success is attributed to its integrated approach, covering oil palm cultivation, edible oils refining, and manufacturing of consumer goods. This model allows control over the entire value chain, contributing to significant cost efficiencies. Wilmar offers a diverse product portfolio including edible oils, sugar, flour, rice, specialty fats, oleochemicals, and biodiesel. The global oilseed market is projected to reach $513.1 billion by 2032, with crushing accounting for 90% of worldwide oilseed usage. Soybean still dominates the oilseed processing industry. Global oilseed production is forecast to reach a record 687 million tonnes in 2024/25, driven by increased soybean production in South America and the United States. Wilmar is committed to sustainability, with a "No Deforestation, No Peat, No Exploitation" (NDPE) policy. 82.1% of Wilmar's own plantation area is RSPO-certified. The company monitors over 23.1 million hectares of land via satellite in palm-producing countries.
