(Dow Jones) -- Bunge Ltd. swung to a first-quarter loss, as the company posted weaker revenue in its main agribusiness segment.
"The first quarter was slower than expected, but our outlook for the remainder of the year is positive," Chief Executive Soren Schroder said. "Results in the quarter were primarily impacted by losses in our grain trading and distribution business that are behind us and a temporarily depressed crushing environment in China."
One of the largest grain handlers in the world, White Plains, N.Y.-based Bunge buys, sells, stores and transports oilseeds and grains world-wide, among other businesses.
Bunge reported a ...