St. Louis, MO - Oct. 28, 2020 - Bunge Limited (NYSE:BG) today reported third quarter 2020 results.
Overview
Greg Heckman, Bunge's Chief Executive Officer, commented, "Our team delivered a strong third quarter with outstanding execution across our global platform, leveraging improving market trends.
"We achieved record crush utilization and captured exceptionally strong margins while supporting our customers and maintaining measures to protect the health of our employees.
"These results, and our performance over the past few quarters, reflect the meaningful changes we've made to our operating model, portfolio and financial approach.
"Looking into next year, we expect many of the favorable trends to continue with demand for our products remaining strong.
"We also expect additional global demand for vegetable oil from the growth of biofuels.
"With our strength in oilseed processing, in addition to our global origination and distribution capabilities, we believe we are well positioned to meet market demands and capitalize on this growth."