(17) Fertilizer (2) Despite a net loss of $29m in Q1, Bunge expects its performance to improve this year due to a rise in soyabean profits. The company said it would also increase production capacity by about 10% next year, and that the new facilities will be able to produce up to 200,000 tonnes per year. According to CEO Soren Schroder, Bunge "managed the rapidly changing environment well and positioned the company for a strong performance for the balance of the year", following recent higher soy-crushing margins.
Despite a net loss of $29m in Q1, Bunge expects its performance to improve this year due to a rise in soyabean profits. The company said it would also increase production capacity by about 10% next year, and that the new facilities will be able to produce up to 200,000 tonnes per year. According to CEO Soren Schroder, Bunge "managed the rapidly changing environment well and positioned the company for a strong performance for the balance of the year", following recent higher soy-crushing margins.