Fitch believes the solid underlying structural demand shift for food, fuel and feed within a tight commodity supply environment provides support for good profit generation by global agribusiness companies.
Agribusiness giant, Archer Daniels Midland (ADM) Company posted a huge increase in its second-quarter 2020 profit, supported by growth in its nutrition and agricultural services divisions.
ADM reported that its animal nutrition business recorded substantial growth in the fourth quarter of 2019 compared to the same period in the prior year.