Archer Daniels Midland (ADM) today reported strong first quarter earnings, boosted by higher selling prices for its products, including sweeteners and starches.
The agricultural and ingredients firm has posted net earnings for the quarter ended September 30 2007 of $441m, up nine percent from last year.
According to the company's chairman and CEO Patricia Woertz, the firm benefited from its performance in sweeteners and starches, oilseed processing and in grain merchandising and handling.
This is a stark contrast to the main earnings driver last year, which was ethanol production.
The agricultural and ingredients firm has posted net earnings for the quarter ended September 30 2007 of $441m, up nine percent from last year.
According to the company's chairman and CEO Patricia Woertz, the firm benefited from its performance in sweeteners and starches, oilseed processing and in grain merchandising and handling.
This is a stark contrast to the main earnings driver last year, which was ethanol production.
