date:Apr 30, 2014
lt excludes a $24 million charge for cocoa hedge timing effects.
The margin environment in the cocoa business continued to improve, ADM said in a statement without giving more details.
The company processed 1.8 million tonnes of beans, up 2 percent from a year earlier.
Cocoa outperformed the overall group, which reported lower-than-expected earnings as harsh U.S. weather hurt its core grain trading.
The results come just weeks after ADM ditched plans to sell the business in its entirety afte