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Wilmar Sugar sets June start for 2026 crushing season as bigger crop looms
May 21, 2026
Wilmar Sugar and Renewables has confirmed that the 2026 sugar crushing season will begin in early June, with mills across Queensland preparing for a larger crop compared to last year.
The company announced that its four Burdekin mills &ndash Invicta, Pioneer, Kalamia and Inkerman &ndash along with Plane Creek Mill at Sarina, will begin crushing operations on June 2. Proserpine Mill and the Herbert region&rsquo s Victoria and Macknade mills are scheduled to start operations a week later on June 9, Mackay & WhitSunday Life reported.Wilmar General Manager Operations James Wallace said the start dates were finalised after assessing crop forecasts, factory preparedness and expected field conditions.
&ldquo We&rsquo ve got a bigger crop than last year, and we&rsquo re keen to get the season under way to minimise the risk of a late finish and the associated challenges of pushing into the wet season,&rdquo Wallace said.
He added that the company aims to complete crushing operations across all factories by mid-to-late November.
Wilmar is forecasting a statewide sugarcane crop of 15.19 million tonnes for the 2026 season, nearly one million tonnes higher than last year&rsquo s total throughput of 14.23 million tonnes.
The company estimates the Burdekin region will account for 7.97 million tonnes, while Proserpine is expected to contribute 1.67 million tonnes and Plane Creek around 1.45 million tonnes.
General Manager Engineering Istvan Torok said maintenance and upgrade work across factories, rail infrastructure and rolling stock is close to completion ahead of the new season.
Meanwhile, General Manager Cane Supply and Grower Relations Dave Zeller said training for locomotive drivers has already started and urged motorists to remain cautious near cane railway crossings.
&ldquo We&rsquo re reminding residents and visitors to take extra care on the roads and look out for cane trains,&rdquo Zeller said.
not so drastic....for today, 3.53
Tigerzbeer ( Date: 22-May-2026 01:12) Posted:
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heavy selling continues
geographic ( Date: 21-May-2026 13:02) Posted:
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bad news?
Tigerzbeer ( Date: 22-May-2026 01:12) Posted:
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Ya, totally agree/ Looks like the next support is around 3.30 soon
geographic ( Date: 21-May-2026 13:02) Posted:
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one day up, one day down...common
geographic ( Date: 21-May-2026 13:02) Posted:
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Today Lao Hong!
yup
FATABA ( Date: 11-May-2026 13:29) Posted:
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Since their last cases in China and Indonesia ....nothing has changed .....the management is still there.
Reflects the lack of proper management and lapse of control again ......
Whatever, W would be seeing more issue once palm oil prices goes south
DYODD
Reflects the lack of proper management and lapse of control again ......
Whatever, W would be seeing more issue once palm oil prices goes south
DYODD
tongphlp ( Date: 11-May-2026 12:35) Posted:
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So much bad news recently. Who do you think is buying this share? Retail investors like you and me?
seems like W is always on the wrong side of the law..
spursfan ( Date: 11-May-2026 12:18) Posted:
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Hmm, cause for today's weakness
Russian Court orders State seizure of a 24% interest indirectly owned by Wilmar in JSC Etalon,
a Russian company
https://links.sgx.com/1.0.0/corporate-announcements/SH0U2BQIUS3YK13B/888112_WIL%20Announcement%20%20Russian%20Court%20orders%20State%20seizure%20of%20Profit.pdf
Russian Court orders State seizure of a 24% interest indirectly owned by Wilmar in JSC Etalon,
a Russian company
https://links.sgx.com/1.0.0/corporate-announcements/SH0U2BQIUS3YK13B/888112_WIL%20Announcement%20%20Russian%20Court%20orders%20State%20seizure%20of%20Profit.pdf
Wilmar shares tumble up to 10.4% as hedging losses from Iran war weigh on results
Q1 profit down 22.8% to US$265 million company cites temporary unrealised mark-to-market losses from hedging
[SINGAPORE] Shares of Wilmar International dropped as much as 8.9 per cent on Thursday (Apr 30) after the group on Wednesday reported a drop in net profit for its first quarter.
The company reported a 22.8 per cent decrease in net profit to US$265.6 million for the first quarter ended Mar 31, from US$343.9 million in the corresponding year-ago period.
Investors reacted negatively to the news, with the counter retreating as much as S$0.40 to S$3.43 on Thursday as at 1.35 pm. It later pared losses to trade 7.6 per cent lower at S$3.54 as at 4.10 pm.
Wilmar attributed the decline to a few reasons, including &ldquo temporary unrealised mark-to-market losses from (its) hedging activities caused by the Iran war&rdquo .
Revenue for the quarter, however, rose 21.9 per cent to US$19.8 billion from US$16.2 billion in the year-ago period, backed by higher sales volume across all its core business segments.
Following the results, brokerages RHB and Citi both maintained &ldquo neutral&rdquo ratings on the stock, though they each raised their target price.
RHB raised the target price to S$3.70, up from S$3.45. It also raised Wilmar&rsquo s net profit forecasts by 5.7 per cent, 8.4 per cent and 7 per cent for the financial years 2026, 2027 and 2028, respectively, after adjusting for the brokerage&rsquo s latest in-house foreign exchange assumptions.
The brokerage also increased its crude palm oil (CPO) price assumptions to RM4,400 (S$1,420) per tonne for 2026 and RM4,300 per tonne for 2027. Wilmar is a major player in the palm industry, higher CPO prices serve as a key driver for the company&rsquo s valuation.
Addressing the broader geopolitical and macroeconomic climate, RHB noted that if its base case scenario of a Middle East ceasefire holds for more than two weeks, CPO prices should stabilise between RM4,200 and RM4,500 per tonne. This stabilisation would likely keep higher biodiesel mandates in place, resulting in tighter overall global supplies of vegetable oils, said RHB.
The broker also said that the palm oil-gas oil spread has turned positive again, meaning there should still be adequate funding in the Indonesia biodiesel fund to subsidise B50 mandates at the current export tax and levy rates.
Meanwhile, Citi raised its target price to S$3.95 from S$3.10, citing liquidity flows into Singapore equities.
While Wilmar&rsquo s revenue saw a 22 per cent boost partly due to the consolidation of Agri Business Limited (AWL), Citi noted that underlying growth remained intact.
Excluding AWL, first-quarter sales volume and revenue would have still grown by 7.7 per cent and 7.6 per cent, respectively.
possible
geographic ( Date: 30-Apr-2026 12:40) Posted:
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Shortist bullseye today. Likely will be in SGX Top Losers list today.
tongphlp ( Date: 30-Apr-2026 10:32) Posted:
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haha...should have spelt as fall...not four :)
geographic ( Date: 30-Apr-2026 10:30) Posted:
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Good foresight! Close to your prediction of 4% drop.
tongphlp ( Date: 22-Apr-2026 14:16) Posted:
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Wilmar posts 22.8% fall in Q1 net profit to US$265.6 million amid volatile commodity prices
Operating conditions for the year depend on developments in global trade policies, says the company
[SINGAPORE] Wilmar : F34 -1.29% reported a 22.8 per cent decrease in net profit to US$265.6 million for the first quarter ended Mar 31, from US$343.9 million in the corresponding year-ago period.
Revenue for the quarter grew 21.9 per cent to US$19.8 billion from US$16.2 billion in the year-ago period, it said in a bourse filing on Wednesday (Apr 29).
This was backed by higher sales volume across all its core business segments &ndash increasing 22.3 per cent for food products and 11.7 per cent for feed and industrial products.
The company noted that the consolidation of Indian edible oil processor AWL Agri Business (AWL) since December 2025 contributed to the year on year growth in sales volumes.
Excluding AWL&rsquo s impact this quarter, overall volume would have risen 7.7 per cent to 24.8 million tonnes, while revenue would have grown 7.6 per cent to US$17.44 billion, said Wilmar.
Meanwhile, the group&rsquo s core net profit shed 23 per cent, declining to US$264.2 million in Q1 from US$343 million in the corresponding quarter a year ago.
Wilmar attributed this to a few reasons, including &ldquo temporary unrealised mark-to-market losses from (its) hedging activities caused by the Iran war&rdquo .
It said most of these losses are expected to reverse in the coming quarters when physical commodities underlying the hedged contracts are delivered.
Concurrently, the company saw weaker contributions from associates and joint ventures across China, Europe and South-east Asia regions.
Profits from its plantation and sugar milling segment were also lower, impacted by lower palm oil prices and production volume, as well as weaker sugar performance, noted the agribusiness giant.
However, these losses were partially offset by gains on disposal of joint ventures in China and higher volume of sales in the quarter.
Overall, the company said that volume growth in the quarter was &ldquo overshadowed&rdquo by high volatility in commodity prices amid the US-Iran war.
&ldquo Looking ahead, operating conditions for the remainder of the year will continue to depend on the evolution of geopolitical tensions and development in global trade policies,&rdquo said Wilmar.
Shares of Wilmar closed up 1.3 per cent or S$0.05 to S$3.83 on Wednesday before the results.
yah...4 soon..
geographic ( Date: 19-Apr-2026 12:15) Posted:
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