date:May 05, 2014
, which swung to a $27 million loss in the three months through March 31, cited a 55 percent slump in its trading and distribution division as the biggest drag, saying that tumult in Ukraine had upended its strategy.
The company's shares fell 5 percent in midday trading on the New York Stock Exchange.
We expected a lower price environment, particularly in wheat, which did not materialize, Bunge Chief Executive Soren Schroder said. Political turmoil in the Black Sea and deteriorating winter whe