ADM Increases Stake in Wilmar as Asian Palm Oil Demand Rises

Updated on
  • ADM bought 22% of Wilmar shares traded in Singapore on Tuesday
  • Wilmar was trading below book value, dollar strong, ADM Says

Archer-Daniels-Midland Co. raised its stake in Wilmar International Ltd., the Singapore-based company that trades almost half the world’s palm oil, as demand for the commodity used in bread to shampoo grows.

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