Louis Dreyfus Commodities revealed it was working on a “renewed strategy” to align it to “tomorrow’s sources of growth” in agricultural commodities as the trading giant unveiled a stabilisation in profits, after the heavy fall of 2013.
Louis Dreyfus Commodities – which with Archer Daniels Midland, Bunge and Cargill is one of the “ABCD” of agricultural trading giants – said that having just “finished a 10-year cycle… we are now refreshing our vision”.
The comments came as the group unveiled earnings up 1.3% at $648m for 2014, although remaining well below their 2012 high of $952m.