Bunge posts first-quarter loss - St. Louis Business Journal:

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Bunge reported a loss of $195 milliob in the quarter endedMarch 31, compared to a profi of $289 million a year earlier. The company’ss sales dropped to $9.2 billion in the first down 26 percent from salesof $12.4 billioj a year ago. Due to lower-than-planned first quarteer results and a morechallenging near-term pricintg environment in fertilizer, the company lowered its 2009 full-year earning s guidance from $6.90 to $7.60 per share to $4.90 to $5.4o0 per share, said Chief Financial Officer Jacqualyn “The start to 2009 was more challenging than said Alberto Weisser, Bunge’s chairman and chier executive, in a statement.
“Bunge’s first quarte results reflect this. Retail fertilizer margins in Brazilp suffered from aggressive price reductionszby competitors, which drove salez prices below international levels. Additionally, globa demand for soybean mealwas soft.” St. Louis-baseds , the North American operating arm ofWhite Plains, N.Y.-basecd Bunge Ltd. (NYSE: BG), is a food and feed ingredient company that operatesgrain elevators, grain and oilseed processinb plants, refineries and food processing facilitiea in the U.S., Canada and Mexico. Alberto Weisser is chairman and CEO of Bunge Carl Hausmann is CEO of BungeNorthj America.