FY2022-Q1First statedAnnual report
「By segment, Food revenue increased as solid performance in processed foods, sugar, and alcoholic beverages offset weak performance in frozen and chilled products and confectionery. In Commercial Products, revenue increased due to the recovery in school-lunch and foodservice ingredients and higher selling prices for fats and oils, despite weak performance in flour. In Feed and Livestock, feed revenue increased as higher selling prices offset lower sales volumes to hog and poultry producers. Livestock revenue decreased sharply as a decline in market prices outweighed the increase in the number of finished hogs collected. In Rice, sales volumes of both polished and brown rice increased, but revenue was broadly in line with the previous year due to lower market prices.」
Processed foods, sugar, alcoholic beverages, commercial fats and oils, ingredients, sugars, fuel, and feed contributed to higher revenue, while frozen and chilled products, confectionery, flour, livestock, and rice were weak or generated lower revenue. Rice sales volumes increased, but revenue was broadly in line with the previous year due to lower market prices.