Retirement Stocks to Buy: Bunge (BG)
Source: margouillat photo / Shutterstock.com
Bunge is an American agribusiness and food processing company with a long history. With roots dating back over 200 years, Bunge has grown to a multinational giant. It is one of the world’s largest producers of edible oils and margarine. Other products include milled grain products (sold to restaurants, commercial bakeries, food processors, and retailers), animal feed ingredients and bioenergy products.
Food products especially the raw ingredients are a solid bet for ongoing demand. There are never fewer people, and even if food fads or preferences change over the years, the same raw materials (like those produced by Bunge) will always be in demand. In addition, with pressure on fossil fuels, the market for biofuels is projected to more than double to $307.01 billion by 2030.
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