In this piece, we will take a look at the 5 Biggest Palm Oil Companies In The World. For more such companies, go to the 12 Biggest Palm Oil Companies In The World.
5. Sime Darby Plantation Berhad (OTC:SDPNF)
Market Cap as of March 2, 2023: $6.57 billion
Sime Darby Plantation Berhad (OTC:SDPNF) is a Malaysia-based globally integrated plantation company operating in over 90 countries. The company produces an impressive 2.15 million metric tonnes of certified sustainable palm oil annually. The company employs over 80,000 people worldwide, making it a significant player in the industry.
On February 17th 2023, Sime Darby Plantation Berhad (OTC:SDPNF) announced its Q4 2022 results. The company reported a revenue of RM 5.67 billion for the quarter, with an EPS of RM 8.1.
4. Musim Mas Group
Estimated Market Value: $10 billion
Musim Mas Group is a palm oil corporation based in Indonesia that operates in 13 countries worldwide. In 2012, the company became the first major oil palm group to achieve 100% RSPO certification for all of its plantations in Indonesia. Additionally, it was the first major palm oil company to be verified by the Palm Oil Innovation Group (POIG) in 2019. The company’s operations in Indonesia encompass facilities for cultivating oil palm seedlings and trees, plantations for producing fresh fruit bunches, and mills for processing FFB into crude palm oil and palm kernel.
3. Bunge Limited (NYSE:BG)
Market Cap as of March 2, 2023: $14.5 billion
Bunge Limited (NYSE:BG) is an American agribusiness and food company. The company operates through four segments: Milling, Agribusiness, Refined & Specialty Oils, Sugar & Bioenergy. The company’s subsidiary, Bunge Loders Croklaan specializes in the production of vegetable oils and fats, including RSPO-certified palm oil, for the food industry.
On February 8th, 2023, Bunge Limited (NYSE:BG) announced its financial results for Q4 2022. Its Normalized EPS for the quarter was $3.24, which exceeded expectations by $0.03. The company’s revenue for the quarter was reported at $16.66 billion missing expectations by $1.54 billion.
Here is what Old West Investment Management has to say about Bunge Limited (NYSE:BG) in its Q1 2022 investor letter:
Bunge (pronounced BUN-GEE) Ltd (NYSE:BG) is one of the biggest agribusinesses and food companies in the world. There are four worldwide companies that dominate the sector, the others being Archer-Daniels-Midland Cargill, and Dreyfuss. One of our favorite ways to screen for new ideas is following insider buying. When I saw the Form 4 filed by new Bunge CEO Greg Heckman, his purchase of $9 million of BG stock intrigued me. My initial thought was the company gave him the stock as a signing bonus. I contacted BG Investor Relations and asked whether it was a signing bonus or did Heckman actually write a check for $9 million. IR assured me it was his own hard-earned money that he invested in the company he was about to run.
Heckman was a long time executive at Conagra Foods who obviously sensed opportunity at BG. One of his first moves as CEO was to move the company’s HQ from New York to St. Louis, right in the middle of America’s breadbasket. BG had been plagued for years with poor decisions by underperforming management. Heckman’s decision to move to St. Louis was indicative of a no-nonsense style and he would commence cutting expenses and selling non-core assets… (Click here to see the full text)
2. Wilmar International Limited (F34.SI)
Market Cap as of March 2, 2023: $18.28 billion
Wilmar International Limited (F34.SI) is a Singapore-based agri-business company established in 1991. Wilmar International Limited (F34.SI) has over 500 manufacturing plants and a well-established distribution network spanning China, India, Indonesia, and approximately 50 other countries and regions. The company is one of the world’s largest oil palm plantation owners today, with a total planted area of about 279,000 ha spread across Indonesia, Malaysia, Uganda, Ivory Coast, Ghana, and Nigeria.
1. Cargill Incorporated
Estimated Market Value: $165 billion
Cargill is a privately held American food corporation that operates in the food, agricultural, financial, and industrial sectors. Established in 1865, the company has since expanded its operations to 70 countries, serving as a leading provider of agricultural and food products across the globe. Its palm oil business line operates 17 refineries, 12 mills, and five palm plantations globally and works alongside nearly 22,000 smallholder farmers. With over 1,700 mills, Cargill sources palm oil from more than ten countries.
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