Wilmar International Limited (SGX: F34) is one of Asia’s largest agricultural and food commodities companies. Its operations span the entire value chain of the agricultural commodity business, starting from cultivation, processing, distributing, to merchandising of various products. Today it has more than 500 manufacturing plants and a sales network covering 50 countries. In this article, we take a closer look at its businesses, latest earnings, historical financials, and competitive strengths. Business Overview  Wilmar’s businesses are classified into Food Products, Feed and Industrial Products, Plantation and Sugar Milling, and Others. Food Products segment covers the processing, branding, and distribution of various edible food items such as edible oil from palm and oilseeds, sugar, flour, rice, noodles, and others. Products are sold to end consumers in small or bulk packaging according to customers’ needs.

Range of Consumer Products in China. Source: Corporate website Feed and Industrial Products segment includes the processing, merchandising, and distribution...