FY2023-Q1First statedAnnual report
「By segment, food revenue increased as the steady performance of processed foods and sugar, driven by higher product prices, offset weak performance in frozen and chilled products and confectionery. Revenue from food-service products increased owing to higher flour sales volumes and selling prices, higher selling prices for fats and oils and fuel, and steady performance in food ingredients. In feed and livestock, feed revenue increased as selling prices rose despite a decline in sales volumes to pig and poultry producers. Livestock revenue increased as higher selling prices for carcasses outweighed the decline in the number of market hogs collected. In rice, revenue declined because falling market prices outweighed the increase in sales volumes of polished and brown rice.」
Processed foods and sugar, food-service products, flour, fats and oils, fuel, and feed and livestock contributed to higher revenue through price increases and other factors, while rice revenue declined because of falling market prices despite higher sales volumes.