Chesterfield-based agricultural commodities trader Bunge Ltd on Wednesday lowered its outlook for 2020, saying its edible oils business faces reduced demand due to the pandemic and its sugar and bioenergy joint venture will suffer a steep crash in Brazilian ethanol prices.
The company reported a $184 million loss in the quarter ended March 31, compared with a $45 million profit in the same quarter last year. Sales fell from $9.9 billion to $9.2 billion. But the results didn’t yet see the full impacts…
