May 3, 2005

Bunge's profits for Q1 increase on soybean yields

A 40 percent increase in profit for the first quarter has caused agricultural and food products company Bunge to raise its outlook for the year.

Overall strong fundamentals in the soy industry have allowed the quarterly income to grow to US$98 million.

Bill Wells, the company's chief financial officer said demand from customers is strong as they seek to take advantage of lower prices and a weak US dollar.