Commutee

ADM considers ethanol spinoff as first-quarter profit falls on severe weather

April 26, 2019 by  
Filed under News

Archer Daniels Midland Co said on Friday it was considering spinning off its ethanol business after slim biofuel margins and Midwestern floods slammed the U.S. grains merchant’s profit, which tumbled 41% in the first quarter.


Source: Reuters Business News

Comments are closed.