Agricultural commodity merchant Louis Dreyfus Company recorded a rise in first-half sales, supported by higher volumes shipped, but weaker prices for most crops pushed down profits, it said on Friday.
Louis Dreyfus posts higher volumes, lower profits in first half
Louis Dreyfus buys oilseed assets from Bunge in Poland and Hungary
Louis Dreyfus Company has acquired grains and oilseeds processing, storage and trading activities in Hungary and Poland from rival agricultural commodity merchant Bunge Global, fulfilling conditions Bunge needed to meet to get approval of its merger with Viterra.
Crop merchant Louis Dreyfus posts drop in annual profit
Louis Dreyfus Company (LDC) on Wednesday reported a drop in annual profit, the latest global crop merchant to see earnings curbed by subdued prices last year in staple grains caused by ample harvests and easing demand in China.
Louis Dreyfus to buy BASF’s food and health performance ingredients business
Commodity group Louis Dreyfus Company (LDC) said on Monday it had signed a binding agreement to buy German chemicals maker BASF's Food and Health Performance Ingredients business as part of its diversification push.
Putin approves sale of Louis Dreyfus elevator unit in Russia to unnamed buyer
Russian President Vladimir Putin has approved the acquisition of 100 per cent of the shares in a elevator company owned by trading and food processing firm Louis Dreyfus Company (LDC) to an unnamed buyer, a government document showed.
Louis Dreyfus first half profit drops as grain supply swells
LDC, one of the world's largest crop traders and processors whose competitors include ADM, Bunge and Cargill, said its core earnings (EBITDA) were $1.057 billion (C$1.434 billion) in the first six months of 2024, against $1.169 billion (C$1.586 billion) a year earlier.
Louis Dreyfus withstands commodity price drop to post stable profits
While less chaotic than 2022, war and weather continued to disrupt supply last year
Louis Dreyfus Company's (LDC) profits last year held close to the bumper levels of 2022, with the agricultural commodity giant saying its global trading network helped it withstand falling prices.
Louis Dreyfus plans pea protein plant in Sask
Company also plans to double oilseed crushing capacity at Yorkton site
Louis Dreyfus Company will build a pea protein production facility in Saskatchewan as it invests in plant-based protein as part of a push to diversify its agricultural commodity activities.
Louis Dreyfus to build Ohio soy crush plant
Reading Time: < 1 minute Louis Dreyfus will build a soybean-processing plant in Ohio, the global crop merchant said recently, adding to a booming expansion of oilseed crushing in North America encouraged by biofuel use. Dreyfus intends to start construction in early 2024 on the facility in Upper Sandusky that will have annual soy-crushing capacity of 1.5 million tonnes, the company said […] Read more
Crop giant Louis Dreyfus posts lower profit on calmer markets
Like its rivals, the grains merchant has seen profits ease after last year’s surge
Reading Time: 2 minutes Reuters – Louis Dreyfus Company has reported that its first-half net profits and sales have fallen compared to a last year, when markets were boosted by upheaval from the war in Ukraine. One of the world’s largest crop merchants, its rivals include Archer-Daniels-Midland, Bunge and Cargill. The company reported a group net profit of US$568 […] Read more
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