CORN PROCESSING

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Primary Products
Sweeteners, including high fructose corn syrup. Bioproducts, including ethanol used to increase octane in gasoline, and such specialty products as feed additives (lysine, threonine), and citric acid.

Competitive Position
World’s largest corn processor with largest market share in both high fructose corn syrup and ethanol.

Key Developments

		High energy prices and implementation of environmental regulations drive demand growth for ethanol across the United States.
		Full-year benefits obtained from fiscal 2003 acquisition and integration of corn processor Minnesota Corn Processing (MCP), which was ADM’s largest acquisition.

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