Actionable news
0
All posts from Actionable news
Actionable news in BG: BUNGE LIMITED,

Bunge aims to 'reinvent' dealings with Brazilian soy farmers

CHICAGO (Reuters) - With Brazilian farmers storing soybeans due to low prices, Bunge Ltd is aiming to change the way it buys crops in an effort to prompt more selling and rebuild profit margins.

Bunge, one of the world's largest oilseed processors, wants to get farmers to agree to sell more of their upcoming crops to the company ahead of harvest time by offering extra help with services, such as financing and price risk management, Chief Executive Soren Schroder told analysts on Wednesday on a conference call.

"We feel that we can step it up," he said.

"It is our objective to sort of reinvent the way that we go to market with the farmer."

Bunge and its competitors have suffered as Brazilian farmers have put soybeans from the 2017...


More