Archer Daniels Midland Company reported a strong profit for its Q2, strengthened by its nutrition and agricultural services divisions. The food processing company also recorded strong performance in its oilseed activities.
In a joint venture with Brazilian meat company Marfrig, ADM released plant-based food products across North American and South American markets. While Marfrig owns 70% of PlanPlus Foods, and is responsible for production and distribution, ADM took the remaining 30% and now supplies the raw materials required.