- Bunge (NYSE:BG) swings to a net loss of $27M from a profit of $170M a year earlier, hurt by losses in the company's grain trading & distribution business "and a temporarily depressed crushing environment in China."
- Sales breakdown: agribusiness -6.3%; sugar and bioenergy -24%; edible oil -16%.
- Remains confident for the full year. Expects sugar & bioenergy "to be about breakeven," and to have sufficient cane to crush close to capacity despite dry weather during Q1. Expects food & ingredient to improve sequentially each quarter, similar to 2013. (PR)