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Louis Dreyfus Gets Soybean Boost from Trade War

Agricultural merchant’s full-year net profit up 12%

LDC logo positive

Acoording to a report from Reuters, Louis Dreyfus Company (LDC) said on Monday trading opportunities created by the U.S.-Chinese trade dispute boosted its soybean business last year, contributing to a sharp rise in group profit.

LDC posted record soybean export volumes from Brazil as the South American country increased flows to China during the Asian country’s trade row with Washington, the company said.

LDC said group net profit reached $355 million in 2018, up 12% from a year ago, while segment operating results increased to $1.33 billion from $1.06 billion.

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