date:Apr 30, 2014
Archer Daniels Midland said on Tuesday its cocoa business returned to a profit in the first quarter, the latest sign of a turnaround at a niche division just weeks after the U.S. food and farming giant said it dropped plans to sell its cocoa operations.
Operating profits for the cocoa business, which includes bean processing and chocolate making and lost $33 million in 2013, were $30 million in the first three months. That compares with a $27 million loss in the same period last year.
The resu