WHITE PLAINS, N.Y., March 19, 2018 /PRNewswire/ — Bunge Limited (NYSE: BG) announced that its CEO, Soren Schroder, addressed the National Grain and Feed Association’s (NGFA’s) 122nd Annual Convention today in Scottsdale, Arizona. In a keynote presentation, Schroder discussed Bunge’s strategy, industry trends, global trade and current market conditions – making the following points:
- Bunge has been helping to feed the world for the past 200 years by connecting people, markets, countries and cultures
- Our global integrated agri-food footprint with market leading positions in major crop production origins and key destinations allows us to serve our customers regardless of market situation, due to its balance and flexibility
- Bunge’s strategy is focused on Grains & Oilseeds, and prioritizes optimizing our Agribusiness footprint, improving operating efficiency and growing our value added business
- The Loders Croklaan acquisition is a transformational step in our value-added strategy
- Long-term trade fundamentals of Grains and Oilseeds are intact and expected to remain robust
- Market changes are underway again: global grain stocks are becoming more balanced and the global soy crush market environment has changed dramatically, with crush margins expanding significantly from 2017 levels
- Free trade is important to maintaining balance and feeding the world’s growing population
The slide presentation that accompanied Schroder’s keynote address is available at https://www.bunge.com/investors/webcasts-and-presentations.
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About Bunge Limited
Bunge Limited (www.bunge.com, NYSE: BG) is a leading global agribusiness and food company operating in over 40 countries with approximately 32,000 employees. Bunge buys, sells, stores and transports oilseeds and grains to serve customers worldwide; processes oilseeds to make protein meal for animal feed; produces edible oil products for consumers and commercial customers in the food processing, industrial and artisanal bakery, confectionery, human nutrition and food service categories; produces sugar and ethanol from sugarcane; mills wheat, corn and rice to make ingredients used by food companies; and sells fertilizer in South America. Founded in 1818, the company is headquartered in White Plains, New York.
Cautionary Statement Concerning Forward-Looking Statements
This press release contains both historical and forward-looking statements. All statements, other than statements of historical fact are, or may be deemed to be, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements reflect our current expectations and projections about our future results, performance, prospects and opportunities. We have tried to identify these forward-looking statements by using words including “may,” “will,” “should,” “could,” “expect,” “anticipate,” “believe,” “plan,” “intend,” “estimate,” “continue” and similar expressions. These forward-looking statements are subject to a number of risks, uncertainties and other factors that could cause our actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. The following important factors, among others, could affect our business and financial performance: industry conditions, including fluctuations in supply, demand and prices for agricultural commodities and other raw materials and products used in our business; fluctuations in energy and freight costs and competitive developments in our industries; the effects of weather conditions and the outbreak of crop and animal disease on our business; global and regional agricultural, economic, financial and commodities market, political, social and health conditions; the outcome of pending regulatory and legal proceedings; our ability to complete, integrate and benefit from acquisitions, dispositions, joint ventures and strategic alliances; our ability to achieve the efficiencies, savings and other benefits anticipated from our cost reduction, margin improvement and other business optimization initiatives; changes in government policies, laws and regulations affecting our business, including agricultural and trade policies, tax regulations and biofuels legislation; and other factors affecting our business generally. The forward-looking statements included in this release are made only as of the date of this release, and except as otherwise required by federal securities law, we do not have any obligation to publicly update or revise any forward-looking statements to reflect subsequent events or circumstances.
SOURCE Bunge Limited
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