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.

The company has focused on three key pillars to progress its Elevate 2.0 strategy.

Enlightened pledges to donate 100% of the profits of select flavors from its new limited-edition seasonal ice cream collection to Diversify Dietetics. Its new flavors, Bake the World a Better Place and Pumpkin Cheesecake, are now available for purchase.

Jim Vortherms, senior director of Automation Delivery, and Jerry Steenhoek, senior director of Automation Technology, have joined the company's Food and Beverage group.  

The people, companies and facilities making headlines.

Danone has been busy. The company reported a return to growth across all categories in the second quarter after posting a 6.6% net sales increase on a like-for-like basis.