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Louis Dreyfus Company wants out of dairy

The Dutch commodity trader Louis Dreyfus Company has announced it will be leaving the dairy business in the next few months.

The company says dairy accounted for less than one percent of 2018 revenues and demanded substantial working capital resources. The company had a net sales of nearly $19 billion in 2018.

By mid-2019, LDC will only have a non-controlling stake in an Australian dairy processing plant.

Since 2009, the company has been delivering milk powders and other dairy products to Asia, Mexico, North America, the Middle East and Africa from key suppliers in North America, Europe, Oceania and South America.