Global crop trading giant Louis Dreyfus Co. reports over $1Bn profit for the 2nd consecutive year, driven by geopolitical tensions and climate-related challenges.
Louis Dreyfus Co., a global crop trading giant, reports over $1Bn profit for the 2nd consecutive year, benefiting from volatile agricultural markets influenced by geopolitical tensions and climate-related challenges. The company increased capital expenditure by 16% to $636M, expanded into Brazilian sugar terminals and ethanol operations. Strong performances in juices, freight, coffee, and soy business lines contributed to the profit, with sugar prices at a decade high, orange juice at a record high in November, and coffee experiencing growth.
March 21, 2024
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