SINGAPORE -- The U.S.-China trade war is boosting Singaporean companies that deal in agricultural commodities, but their own executives are wary of the longer-term impact of the dispute.
Wilmar International reaped the benefits of lower soybean prices in the April-June quarter. The company announced on Aug. 13 that its net profit for the term soared more than fivefold on the year, to $316 million. Its oilseeds and grains segment, which includes soybean processing, logged a 381% increase in pretax profit.
