FARM BUSINESS NEWS
Bunge Misses 2Q Earnings Forecast
Thu Jul 25, 2013 07:35 AM CDT

(Dow Jones) -- Bunge Ltd.'s (BG) second-quarter earnings fell 50% from a year-earlier period that included a big gain on acquisitions, masking improved sales.

The company buys, sells, stores and transports oilseeds and grains to customers worldwide. It processes seeds for protein meal for animal feed and oil products for consumers.

"We navigated the choppy markets well, but faced some challenges in North America, Europe and Argentina, which suffered from the continued effects of last year's poor oilseed and grain crops," Chief Executive Soren Schroder said.

The company also reduced its capital-expenditures plans for the year by $200 million and ...

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