Archer Daniels Midland’s (ADM) third-quarter earnings dropped 31% on the back of lower ethanol prices and weak European oilseed results, the company said today (1 May).

For the three months to the end of March, ADM’s net profit totalled US$399m, down from $578m in the comparable period of last year.  

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

While revenue increased 5.4% to $21.16bn, the company said that gross margin shrank to 4.8% from 5.8%.

ADM said that profits from its ethanol business were hit by lower market prices due to over supply and stockpiling. Bioproduct profits, which include ethanol results, fell 69% in the period.

ADM’s oilseed processing segment saw operating profit drop to $395m, from $512m, despite a 14% increase in sales due to poor margins in Europe.

However, the group emphasised that trading at its grain unit has “stabilised”, with profits rising $8m from last year to $179m.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Click here for the full release.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now