Bunge Global (BG) Divests North America Dry Corn and Masa Milling Business

Bunge Global SA (NYSE:BG) is one of the 10 best organic food and farming stocks to buy now. On July 1, the company announced the sale of its North America dry corn and Corn masa milling business. The divestment came as the company strived to streamline operations ahead of its planned merger with Canadian grain handler Viterra.

Bunge Global (BG) Divests North America Dry Corn and Masa Milling Business

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The spinoff comprises businesses that make maize masa flour and dry-milled corn products, which are frequently used in tortillas, cereals, snack meals, and other consumer packaged goods. Additionally, the sale comes as Food manufacturers remain under pressure to optimize supply chains and adjust to changing customers.

The sale also paves the way for Bunge to concentrate on its core oilseeds processing and plant-based oil business. Bunge has already confirmed the closing of its merger with Viterra, resulting in the creation of premier global agribusiness solutions focused on food feed and fuel.

Bunge Global stands out as one of the best farming stocks as it connects farmers and consumers to deliver essential food, feed, and fuel. It is involved in various stages of the agricultural supply chain, including sourcing, storing, and distributing agricultural commodities and related products. Bunge has made public commitments to reduce greenhouse gas emissions, improve supply chain traceability, and support sustainable sourcing—key factors for investors focused on ESG and organic food trends.

While we acknowledge the potential of BG to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BG and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.