Thus, competition between the two players is expected to intensify, Euromonitor assessed. … WITH TIGHT PROFITS Cooking oil is not a sector with easy profit to be made by just anybody. After five years spending $130 million to build a soybean oil processing facility (since 2011), Bunge Limited, an American agribusiness and food company, has failed to turn profit and decided to sell 45 per cent of its stakes to Wilmar in July 2016. Since then, a three-party joint venture has been created with Bunge and Wilmar as equal, 45 per cent shareholders, and soybean meal distributor Quang Dung (a majority owner of feed miller Green Feed) retaining its 10 per cent stake in the operations. Wilmar is also a major shareholder of Calofic.