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Agricultural processor Bunge Ltd. reported higher-than-expected fourth-quarter profit and revenue on strength in grain merchandising.
Bunge’s grain marketing, storage and transportation operations benefited from rising global demand for food amid thinning stocks, and the company said it was able to withstand highly volatile commodities markets with favorable futures hedge positions. Get the full story »
Grain prices, already at two-year highs, are set to rise further this year before normalising in 2012 as the higher prices prompt farmers to plant more, the head of agribusiness giant Bunge told the Financial Times.
“For the next 12 months I think you will see volatility of prices,” Alberto Weisser said in an interview published on Wednesday. Grain prices rallied in 2010 after poor harvests in Russia and Australia. Get the full story »
Bunge North America, a division of agribusiness giant Bunge Ltd., said it bought Indiana-based Morristown Grain Co Inc, which includes two grain elevators in Morristown and Rushville. Get the full story »
Agricultural processor Bunge Ltd’s third-quarter net profit slipped on charges but it said it was on track to meet or exceed its full-year target amid rising revenue and improving oilseed processing margins. Get the full story »
