Gus Trompiz
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Missing Bangkok, Paris tourists omen of global wheat demand collapse

Missing Bangkok, Paris tourists omen of global wheat demand collapse

By , , SINGAPORE/BANGKOK/PARIS (Reuters) - In Bangkok’s usually bustling Sukhumvit district the coronavirus pandemic has decimated the tourist trade at the restaurant Permruedee Labnongsaeng owns, cutting daily sales to 5% of normal.The missing tourists from top destinations like Bangkok - the world’s most-visited city - Paris and Rome, gone because of the travel restrictions to prevent the coronavirus spread, also means no demand for the noodles, pastries and pasta usually scoffed down there by hungry travellers.“Tourists disappeared in late February and our sales took a plunge, since then...

May 7, 2020
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Louis Dreyfus gets profit boost in pandemic but equity shrinks

Louis Dreyfus gets profit boost in pandemic but equity shrinks

By PARIS (Reuters) - Agricultural commodity merchant Louis Dreyfus Company (LDC) said its first-half profits rose as it adjusted to price volatility and shifts in food demand during the coronavirus pandemic.However, the 169-year-old group, which is considering bringing in an outside investor for the first time, reported a decline in its equity as it paid out a dividend to shareholders led by chairwoman Margarita Louis-Dreyfus.LDC said first-half group net income reached $126 million from $71 million in the year-earlier period, while core earnings before interest, tax, depreciation and...

September 28, 2020
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