Bunge: $195 million net losses in Q1 2009

摘要

GLOBAL AGRI-BUSINESS Bunge has unveiled a net loss of $195 million for the first quarter of 2009. The figure is a drop of 167% from the $289 million net income the company posted at the same time last year. The company attributed its dismal performance to high inventory costs and aggressive pricing by competitors, which pressured fertilizer margins. Demand for soybean has also been weak, the company said on April 23.