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(23-10-2013, 11:15 AM)valuebuddies Wrote:(23-10-2013, 10:30 AM)CityFarmer Wrote: Wilmar just an easy and obvious target, IMO...
Greenpeace, Wilmar clash over palm oil supply chain
SINGAPORE — Greenpeace has singled out Wilmar International, the world’s biggest palm oil trader headquartered in Singapore, for not doing enough to ensure its supplies do not come from illegally-cleared forests in Indonesia which are home to Sumatran tigers and other wildlife.
The environmental campaigning group pointed this out in a report it released yesterday calling for the palm oil industry to stop destroying tiger habitats.
Greenpeace’s allegations against Wilmar and its identification of several multinational trade partners — including Arnott’s Biscuits, Colgate-Palmolive and Mondelez International (formerly known as Kraft Foods) — drew a robust response from the agri-business giant.
...
http://www.todayonline.com/singapore/gre...pply-chain
Obviously, no effect on share price, it has been rallied a fair bit recently, perhaps anticipating a a favourable Q3 earnings.
Wilmar can be seen as a potential beneficiary of the Indonesian bio diesel regulations. If the bio diesel takes off, there might be more demand for Wilmar's processing and refining business, which it has the capacity to meet. However, at these levels, the margin of safety is not very nice.