Bunge Limited (NYSE:BG) is a leading food company engaged in agricultural business ranging from grain processing to production of vegetable oils.
The agriculture firm conducts the business under five segments:
• Sugar & Bioenergy
• Edible Oil Products
• Milling Products
The US-based company is engaged in purchasing, storage, processing, transportation, and selling of agricultural commodities and commodity products under the segment. The company owns merchandizing and distribution facilities across the globe and its agribusiness assets are located in the Americas, Europe and the Asia Pacific.
Edible Oil Products Segment
The firm engages itself in the manufacturing and distributing of margarine, shortenings, vegetable oils, mayonnaise, etc., through this unit. It caters to baked goods companies, confectioners, restaurant chains, food service operators, infant nutrition companies, etc.
Some of the European consumer packaged vegetable oil brands include:
Milling Products Segment
The segment is engaged in the production and distribution of wheat flour, rice, corn-based products, bakery mixes, etc. The wheat flour brands in Brazil includes Suprema, Primor, Predileta, Soberana, etc.
Sugar & Bioenergy Segment
The company operates in the segment through a 50 per cent interest in BP Bunge Bioenergia. It is engaged in the manufacturing, marketing, and distribution of sugar and ethanol obtained from the sugarcane and the energy acquired by the processing of sugar and ethanol.
Through its operations in Argentina, Uruguay, and Paraguay, the company produces, blends, and markets various fertilizers, including liquid and dry NPK fertilizers, nitrogen-based, ammonia, urea, etc.
Bunge also caters to businesses engaged in animal feed, poultry, aquaculture producers, etc.
In 1818, founder Johann Peter Gottlieb Bunge set up the company as an import-export trading business.
Bunge operates and provides its service in more than 35 countries globally.
Since its listing on the New York Stock Exchange (NYSE) in 2001, the stocks trade with the symbol 'BG'.
In April 2020, Bunge announced to sell around 35 United States interior elevators of grains to Zen-Noh Corporation.
The agribusiness-based firm was reportedly among Forbes Global 2000 for 2021.