Seaboard’s milling segment records 148% profit surge in 2022 boosted by higher prices, sale of Brazilian operations

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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