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Bunge lifts profit outlook as food and fuel demand for vegetable oil grows

3 Min Read (Reuters) -U.S. agricultural commodities trader Bunge Ltd raised its full-year adjusted profit outlook on Wednesday after stronger-than-expected food and renewable fuel demand for its vegetable oils drove a 41% jump in quarterly income. FILE PHOTO: Soybeans are loaded on to a truck on February 17, 2020. Picture taken February 17, 2020. REUTERS/Jorge Adorno/File Photo/File Photo Shares jumped 3% in morning trading after the company projected full-year 2021 adjusted income of at least $8.50 per share, up from its previous estimate of about $7.50 per share. Bunge’s results offer an insight into how global grain traders are emerging from the COVID-19 pandemic that triggered massive shifts in demand last year as consumers cooked more meals at home and avoided unnecessary travel.

Refiner posts higher profit on oil demand rebound

Refiner posts higher profit on oil demand rebound
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