West of Mpls MN about 50 miles on Hwy 12 | From your linked article...ADM has spent billions expanding the nutrition business since 2014, when it made its biggest-ever acquisition — the $3 billion buyout of European natural ingredient maker Wild Flavors — in a bid to diversify into value-added products. But profits have failed to live up to initial expectations due to weakening demand, including for plant-based food.
I find it interesting how the newer article states weaking demand for plant-based "food" instead of plant-based meat as reason for ADM financial issues. I have no idea what other ADM value added products have not lived up to sales expectations, but judging from an article from October, it reads like U.S. consumers do not like plant-based "meat" in particular.
https://agfundernews.com/adm-re-scopes-decatur-plant-protein-investm...
ADM’s nutrition unit (housing alt proteins) experienced a 22% year-over-year decline in operating profit in the third quarter, offset by strong performances in ethanol, starches and sweeteners, flavors, and probiotics, prompting it to raise its earnings forecasts for the full year. |
ADM stock plunging...CFO out
