SAO PAULO/PARIS, (Reuters) – Louis Dreyfus Company is making sweeping cost cuts, starting with travel, entertainment, hiring and salaries, as the 168-year-old agricultural commodities firm tries to revive dwindling profits. Global trade tensions and the African Swine Fever epidemic in Asia have piled pressure on grain trading firms as they try to emerge from a […] Read more
Stories by Gus Trompiz
Bunge lays off grain traders in Geneva as company seeks to minimize risk -sources
LONDON/HAMBURG, (Reuters) – U.S. agribusiness firm Bunge Ltd laid off up to 10 grain traders in Geneva in recent days as it pursues a global restructuring to cut costs and reduce market exposure, five industry sources said. The cuts to trading staff come as Bunge is streamlining its operations in tough agricultural markets and seeks […] Read more
CEO, finance chief announce resignations
In Brief PARIS, (Reuters) – Louis Dreyfus Company announced the surprise departures of its chief executive and head of finance on Sept. 25, triggering another reshuffle at the commodities giant as it strives to recover from weak agricultural markets. The group said in a statement that Gonzalo Ramirez Martiarena had resigned as CEO after three […] Read more
Louis Dreyfus CEO, finance chief quit in latest shake-up
PARIS, (Reuters) – Louis Dreyfus Company announced the surprise departures of its chief executive and head of finance on Tuesday, triggering another reshuffle at the commodities giant as it strives to recover from weak agricultural markets. The group said in a statement that Gonzalo Ramirez Martiarena had resigned as CEO after three years in the […] Read more
French wheat export forecast cut again on Black Sea competition
PARIS, Jan 10 (Reuters) – Farming agency FranceAgriMer lowered its forecast for French soft wheat exports outside the EU this season for a third straight month and said there could be more cuts due to unrelenting competition from the Black Sea region. In cereal supply and demand data published on Wednesday, FranceAgriMer pegged French soft […] Read more
