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USA- Seaboard Corp. quarter 2 results reveal an operating income of US$17 million in its Commodity Trading and Milling (CT&M) segment, down 44% from US$30 million in the same quarter a year ago. Seaboard said the decrease in operating income primarily reflected lower margins resulting from lower volumes and sales prices. Had Seaboard not applied mark-to-market accounting to its derivative…
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USA- Seaboard Corp. registered an operating income of US$43 million in its Commodity Trading and Milling (CT&M) segment during the first quarter that ended April 1, up 258% from the US$12 million posted in the same quarter a year ago. Seaboard’s CT&M segment has milling operations in 40 locations in 23 countries producing approximately two million tonnes of wheat flour,…
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USA- Kansas-based Seaboard Corp’s Commodity Trading and Milling (CT&M) segment recorded a 148% increase in operating income thanks to higher margins in some commodities and the sale of their Brazilian flour milling operations in the 2022 fiscal year. The segment, which sources and markets over 14 million tonnes of agricultural commodities each year, posted US$151 million operating income in the…
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