US agribusiness Archer Daniels Midland has said its second-quarter earnings rose sharply, helped by improved corn and wheat processing results.


The company posted net earnings of US$221m, or 34 cents per share, for the second quarter to 31 December, compared to $131m, or 20 cents per share, a year earlier.


ADM said net sales and other operating income rose 18% to $9.19bn.


The company attributed the strong performance to higher oilseed processing earnings in North America and Asia, improved corn processing results in both the ethanol and corn sweetener businesses, and higher wheat processing profits due to improved North American crop conditions. Results from the company’s cocoa operations also improved.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData