Ingredion down in first quarter as expected
date:May 04, 2014
orn costs for our fixed price contracts resulted in year-over-year unfavourability.

Also in-line with our expectations for the quarter, volumes were positive in South America, Asia Pacific and EMEA. At the same time, operating income was up in Asia Pacific and EMEA while South America showed continued year-over-year sequential improvement.

Our operating plan anticipated this slow start to the year and we expect year-over-year results to improve in each quarter as the year unfolds. As such, we
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07/13 22:10