CHICAGO Feb 13 Bunge Ltd, one of the
world's largest agricultural trading houses, on Thursday
reported a fourth-quarter profit due to strong margins for
Bunge reported net earnings of $115 million, or 78 cents per
share, compared with a year-earlier net loss of $610 million, or
$4.17 per share.
Revenue fell to $16.38 billion from $17.04 billion.
Oilseed processing margins were strong in North America,
Europe and China due to robust demand, large harvests and a lack
of exports from South America, which is typically a large
oilseed supplier, according to the company.
Global demand should remain strong because falling crop
prices will encourage livestock producers to buy oilseeds, which
can be crushed into animal feed, Chief Financial Officer Drew
Bunge is among the four large players known as the "ABCD"
companies that dominate the flow of agricultural goods around
the world. The others are Archer Daniels Midland Co,
Cargill Inc and Louis Dreyfus Corp.