The company’s facility in Seymore, Ind. will build upon key learnings and successes from Vital Farms’ egg washing and packing facility in Springfield, Mo., which opened in 2017.
Global agribusiness cooperative CHS posted $547.5 million in net income for Q3 2023 boosted by strong global demand, compared to its record third quarter net income of $576.6 million in fiscal year 2022.
Olam Group – one of the world’s biggest agricultural traders – posted an 8.3% drop in its annual net profit, as better performance at its agricultural unit was offset by higher finance and input costs.
The Coca-Cola Company reported strong second-quarter results, posting a 6% rise in net revenue to $12.0 billion, after its results were boosted by price hikes.
Cargill—agricultural giant and the largest private company in the US – has experienced a slowing of profits this year, owing to less volatility in the global grain market and the collapse of meatpacking margins in the US.
It has been a year of innovation for ADM. The company reported that its agriculture and oilseed results were strong but slightly lower than in the second quarter of 2022.
