date:Aug 11, 2014
s of US$30.3 million in 2Q2013 as higher seasonal losses in Milling were mitigated by improved profits in Merchandising Processing.
Milling reported a pretax loss of US$68.1 million compared to a pretax loss of US$52.1 million in 2Q2013, due to lower volume crushed at the start of the season as a result of rain disrupting crushing in June 2014, compared to uninterrupted crushing in June 2013.
Merchandising Processing achieved a pretax profit of US$44.4 million, more than double the profit in