Singapore, Feb 5, 2026, 15:33 (SGT) — Regular session
- Wilmar shares slipped 0.3% in afternoon trading, following a 2.7% rise on Wednesday
- Palm oil futures were mostly steady early Thursday as traders kept an eye on competing oils and currency movements
- Investors are gearing up for Wilmar’s full-year results, set to be released later this month
Wilmar International shares dipped 0.3% to S$3.45 in afternoon Singapore trading Thursday, retreating after a 2.7% gain the previous day. Trading volume reached around 4.7 million shares, with the stock holding close to its recent peak.
This move is significant since Wilmar stands at the intersection of two volatile factors: edible oil prices and policy changes that can abruptly alter trade flows. Both are rarely stable for long.
Investors are eyeing Wilmar’s full-year results for 2025, set to drop after the close on Feb. 26, according to a filing. The key takeaway will probably be margins and demand — straightforward factors that can quickly swing earnings in commodity-driven food firms.
Malaysian palm oil futures saw little movement early Thursday, buoyed slightly by a weaker ringgit but weighed down by slumping rival vegetable oils. The benchmark April contract inched up 0.02% to 4,226 ringgit a metric ton at 0238 GMT, Reuters reported.
Wilmar is also making moves in India. AWL Agri Business, formerly Adani Wilmar, flagged that reduced U.S. tariffs could boost exports of its Fortune basmati rice and edible oils. This follows President Donald Trump’s announcement of a trade deal slashing U.S. duties on Indian products from 50% to 18%. AWL’s Executive Deputy Chairman Angshu Mallick told Reuters the company aims to “better leverage its distributors and Singapore parent Wilmar International’s network” to grow its U.S. presence. Reuters
This isn’t a massive revenue driver—AWL reports exports make up 8% of its sales, with the U.S. representing about 5% of that export income—but investors typically react fast to such tariff-related shifts. It also provides a clearer, more straightforward story amid a week marked by volatile commodity prices.
The rest is pretty straightforward. Wilmar’s profits usually follow the gap between its raw material costs and the prices it commands for packaged foods and bulk goods — a “margin” that shifts with currency moves, shipping costs, and fluctuations in soybean oil and palm oil markets.
There’s a catch that traders aren’t overlooking. Mallick noted AWL still has to dig into the deal’s fine print, and tariffs can flip back as fast as they appeared. Price spikes in commodities could also weigh on volume if companies pass costs onto customers.
Wilmar investors are holding a stock that has surged into early February but is now hitting the brakes. Part of that action seems like profit-taking; part of it feels like a pause to assess what’s next.
Wilmar is set to release its full-year financial results after the Singapore market closes on Feb. 26. Investors will be focused on any insights into demand patterns and management’s outlook on trade and commodity conditions for the coming quarter.
