Louis Dreyfus hikes spending

PARIS, France (Reuters) — Louis Dreyfus Company could nearly double annual investments in the coming years as rising profits help it pursue expansion in its traditional crop trading and newer food-ingredient activities, its chief executive officer said recently.

The company on March 22 reported a jump in annual net profit to US$1 billion, joining other global crop merchants in benefitting from high prices and strong demand in a year marked by Russia’s invasion of fellow grain exporter Ukraine.

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