Louis Dreyfus Profit Rises 3.8% as Tax Offsets Lower Food Prices

  • Sales fall 11% as market remains ‘difficult’ as China slows
  • Shipped volumes rise 1% on grains, oilseeds and metals

Louis Dreyfus Co., one of the world’s four biggest food-commodities traders, said first-half profit rose 3.8 percent as a lower effective tax rate countered tumbling prices and reduced trading opportunities.

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