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Tag Archives Louis Dreyfus

(LDCom.com)
Crops, Reuters

Dreyfus to sell Australian fertilizer unit to Agrium

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Paris/Winnipeg | Reuters — Global commodity trader Louis Dreyfus has agreed to sell its fertilizer business to Canada’s Agrium as it continues an overhaul in response to tough agricultural markets. Louis Dreyfus is to sell Macrofertil Australia, which has annual sales of around US$120 million, to Agrium’s Australian unit Landmark Operations in a deal expected […] Read more
(LouisDreyfus.ca)
Crops, Reuters

Dreyfus shareholders agree to arbitration over stake sale

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Amsterdam/Paris | Reuters — Family shareholders of commodity trader Louis Dreyfus have agreed to arbitration talks to settle a long-running dispute over a share sale, sources familiar with the matter have told Reuters. The tussle concerns an attempt by minority shareholders to sell nearly 17 per cent of the group’s holding firm to Margarita Louis-Dreyfus, […] Read more
(LouisDreyfus.ca)
Crops, Reuters

Dreyfus sees recovery after two-year profit slide

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Paris | Reuters — Louis Dreyfus’ core earnings fell for a second year in 2016 amid a persistent high supply of crops, but the agricultural commodity trader said a revamp of operations should help results this year. Large inventories, low prices and limited volatility have curbed margins in the past two years for companies that […] Read more
(LouisDreyfus.ca)
Crops, Markets, Reuters

Louis Dreyfus stems profit slide, but headwinds persist

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Paris | Reuters — Agricultural trading giant Louis Dreyfus Company eked out a small rise in 2016 first-half net profit, saying steady shipped volumes helped it weather another tough period in commodity markets. Louis Dreyfus has been grappling with ample supply, lower prices and slower economic growth that have cut margins, while also going through […] Read more
(File photo courtesy Canola Council of Canada)
Canola, Crops, Markets, Reuters

Canadian canola exporters book sales to China

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Winnipeg | Reuters — Canadian exporters are making small sales of canola to China under Beijing’s stricter terms, an industry group and three sources said, possibly undermining Ottawa’s hardline negotiating stance with the world’s top market for the oilseed. The dispute over the new shipping standard, which industry groups in the world’s biggest canola exporter […] Read more
(LDCom.com)
Crops, Reuters

Ex-Dreyfus CEO leaves board in latest shakeup

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Paris | Reuters — Global agricultural trader Louis Dreyfus Co. announced board changes on Thursday in which former CEO Serge Schoen will leave the group, another step in a leadership shakeup under main shareholder Margarita Louis-Dreyfus. Schoen oversaw rapid growth at the trading house as CEO between 2005 and 2013. Last year, Louis Dreyfus promoted […] Read more
(LDCom.com)
Crops, Markets, Reuters

Louis Dreyfus reports lower profits, seeks partners

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Paris | Reuters — Louis Dreyfus is seeking partners for some of its businesses to help the commodity trading group to weather a market downturn that hit full-year profits. Lower prices, plentiful supply and faltering economic growth in emerging economies have put pressure on commodity traders such as Louis Dreyfus that collect, export and process […] Read more
Ammonium sulphate. (Ind-Svcs.com)
Crops, Dairy Cattle, Fruit/Vegetables, Reuters

Louis Dreyfus ring-fences some units, considers options

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London | Reuters — Louis Dreyfus Commodities is ring-fencing its crop inputs, metals, juice and dairy units and is considering options ranging from joint ventures to the sale of certain assets, a senior company source said. In December, Reuters reported the trade house had been seeking buyers for its juice and fertilizer units for some […] Read more
(LouisDreyfus.ca)
Crops, Reuters

Dreyfus owner pregnant, plans maternity leave

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Paris | Reuters — Margarita Louis-Dreyfus, majority owner and chairwoman of global trading house Louis Dreyfus Commodities, is pregnant with twins and plans to take short maternity leave following the birth due in early April, the company said. Louis-Dreyfus, 53, will continue as chair of the group’s supervisory board until the birth of the twin […] Read more
(Scott Bauer photo courtesy ARS/USDA)
Crops, Fruit/Vegetables, Reuters

Louis Dreyfus said seeking buyers for juice, fertilizer units

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Reuters — Louis Dreyfus Commodities is seeking buyers for its orange juice and fertilizer units as the global merchant focuses on higher-margin activities, sources said, the latest firm to take steps to weather weak commodity markets. The company had been actively marketing the orange juice and fertilizer businesses for some months, having appointed banks to […] Read more

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