Friday 02 November 2012
Bunge double profits
Bunge Ltd (BG.N) shares jumped on Thursday as the agribusiness giant doubled quarterly profits by mobilizing its global grain network to supply customers hit by the worst U.S. drought in more than 50 years.
Bunge said the world was modifying "typical trade flows" after poor weather slashed output in the United States, the world's top grain exporter, and other countries, tightening corn and soy supplies.
Source: Argentine Beef Packers S.A.
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