Thursday, July 26, 2007

UPDATE 1-Bunge 2nd-qtr profit soars, Chinese venture formed

(Reuters) - CHICAGO, July 26 - Bunge Ltd posted a sharply higher quarterly profit on Thursday, helped by strong fertilizer sales, and raised its expectations for the year.



The oilseeds processor and fertilizer maker also said it formed a joint venture with Sinograin, the Chinese state-owned grain company, to build and operate a soybean processing plant in Dongguan, China.


Read more at Reuters.com Market News

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