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Agricultural merchant Bunge posts quarterly loss

Credit: REUTERS/BRIAN SNYDER

Agricultural commodities trader Bunge Ltd posted a quarterly loss on Wednesday, as it took a $1.7 billion charge related to the formation of a joint venture for its Brazilian Sugar and Bioenergy business.

Oct 30 (Reuters) - Agricultural commodities trader Bunge Ltd BG.N posted a quarterly loss on Wednesday, as it took a $1.7 billion charge related to the formation of a joint venture for its Brazilian Sugar and Bioenergy business.

Net loss attributable to Bunge was $1.49 billion or $10.57 per share in the third quarter ended Sept.30, from $365 million or $2.44 per share, a year earlier.

Excluding items, the company earned $1.41 per share from $2.52 a year earlier.

(Reporting by Arundhati Sarkar in Bengaluru; Editing by Vinay Dwivedi)

((Arundhati.Sarkar@thomsonreuters.com; +1 646 223 8780 Ext: 1524; Reuters Messaging: arundhati.sarkar.thomsonreuters.com@reuters.net))

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