NEWS
2012 Drought Affects Ag Giant
Wed Mar 26, 2014 11:21 AM CDT

LONDON (Dow Jones) -- Agricultural trading giant Louis Dreyfus Commodities BV Wednesday reported a sharp dip in profits last year thanks to the aftereffects of a severe drought in the U.S. in 2012.

The company, which together with Archer Daniels Midland, Bunge and Cargill dominates the global trade in agricultural commodities, said net income fell to $640 million last year, compared with $877 million including discontinued operations in 2012.

A poor harvest of grains in the U.S. two years ago created a difficult environment in the first half of 2013 as tight supply limited trading opportunities, Louis Dreyfus said. By ...

Quick View
Related News Stories
Putin Orders Import Limits
Kub's Den
BNSF Car Placements Improve
Russian Planting Ahead of Pace
Bigger Push on Global Farming