Bunge has revealed an exceptionally weak finish to 2017, with results that will intensify questions over the future of the 200-year-old global agricultural trading house as an independent company.
It buys crops from farmers for processing into ingredients and feeds, or for bulk shipment to customers around the world. International trade in grains has been breaking records, and Bunge said its main agribusiness handled 34.3m tonnes in the quarter, an increase of 4.6 per cent year on year.
But ample supplies have made it difficult for merchants to extract profits from these flows, as farmers hold back crops in storage bins in hop…
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