Home UPDATE 1-Bunge quarterly profit misses forecasts on lower agribusiness results
 

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UPDATE 1-Bunge quarterly profit misses forecasts on lower agribusiness results

2015-07-31 00:31:50| Agriculture - Topix.net

Bunge Ltd, one of the world's largest agricultural commodities traders, reported a lower quarterly profit on weak year-on-year returns in its agribusiness segment and poor food and ingredients margins. The White Plains, New York-based company said weak Canadian canola processing margins and lower European softseed margins were largely to blame for the 57-percent earnings drop in agribusiness, its largest segment in terms of revenue.

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