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Commodities Briefing - Categorized | Performance, Trading more

Louis Dreyfus Commodities says 2012 profit its largest ever

Posted on 28 March 2013

Louis Dreyfus Commodities, one of the world’s largest agricultural traders, on Wednesday reported its largest-ever annual profit on robust global demand for food products and historically high crop prices after a severe U.S. drought.
The privately held company said in an annual report that net earnings jumped 25 percent to $1.1 billion in 2012, excluding a $93 million loss in BioSev, the company’s ring-fenced Brazilian sugarcane milling business which suffered from low cane yields and low ethanol prices………………………………………..Full Article: Source


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