ADM has revealed its starch and sweetener operations saw profits tumble by more than US$100 million in the first quarter of 2009 – almost the only negative in an otherwise buoyant set of results.
The company’s starch and sweeteners sector made US$65 million – a year-on-year drop of US$102 million due to soaring overhead costs, said Steve Mills, ADM Chief Financial Officer.
The fall in profits from these two products accounted for much of the Corn Processing division’s performance which saw profits slump by 38% from US$253 million to US$118 million for the quarter.
ADM Starch and Sweetener Profits Drop Sharply on High Corn and Energy Costs
Like to receive news like this by email? Join and Subscribe!
Get the latest potato industry news straight to your WhatsApp. Join the PotatoPro WhatsApp Community!
Highlighted Company
Related News
July 27, 2026
Lower Saxony Prime Minister Olaf Lies Visits Emsland Group Emlichheim Site
Emsland Group welcomed Lower Saxony Prime Minister Olaf Lies to its Emlichheim site, where discussions focused on innovation, sustainable production, regional value creation and cooperation between industry, agriculture and policymakers.
July 17, 2026
Potato Starch Finds New Growth Beyond Food as Industrial Demand Accelerates
Potato starch is expanding beyond food as demand grows for clean-label ingredients and sustainable materials. New applications in pharmaceuticals, paper, textiles, adhesives, and biodegradable packaging are creating global market opportunities.
July 03, 2026
Royal Avebe Successfully Completes First Joint Potato Campaign at Solan Facility in Poland
The first joint potato campaign at Solan, Poland, concluded successfully, with stable production, high-quality potatoes, and output exceeding expectations. Strong teamwork with colleagues in the Netherlands supports future innovation and growth.
