Primary Products
Cocoa, wheat flour, food ingredients (soya concentrates and isolates), nutraceuticals (phytosterols, natural source Vitamin-E) and industrial products.

Competitive Position
One of the world’s largest processors of cocoa and wheat, with growing penetration of niche markets for food ingredients and industrial additives derived from agricultural products.

Key Developments

		Cocoa revenue and profitability grow as industry capacity is rationalized and ADM expands revenue mix with finished and semi-finished chocolate products.
		Wheat flour margins recover from depressed levels of fiscal 2003.
		Low-carbohydrate diets increase demand for protein specialty products.