Thu Feb 11, 2016 01:54 PM CST

(Dow Jones) -- Bunge Ltd. aims to cut costs in its grain and food businesses and look at joint ventures in some businesses as the agribusiness giant navigates turbulent economic conditions.

Slowing U.S. grain exports and food-ingredient sales in Brazil are likely to continue pressuring the White Plains, N.Y., company in 2016, its chief executive said, prompting the company to dial back long-term profit expectations.

"In the current challenging environment, modest growth is the right indication," Bunge CEO Soren Schroder said in an interview.

A broad collapse in commodity prices has pressured Bunge and other top traders of crops and ...

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