Bunge Global (BG) 21st Annual Global Farm to Market Conference summary

Strategic transformation and integration

• Expanded global network and operational capabilities through Viterra integration, enhancing upstream origination and processing synergies.

• Achieved significant cost and commercial synergies, with $190 million in savings forecasted for 2026 and a target of $350 million by 2028.

• Largest global oilseed crusher, with key assets in Argentina and Europe, enabling year-round supply flexibility.

• Enhanced ability to serve both farmers and end consumers in all major markets, increasing resilience and optionality.

• Ongoing focus on continuous improvement, leveraging technology and global service centers.

Market environment and demand trends

• Global demand for vegetable oil has increased, driven by energy and food sectors, especially after RVO clarity.

• Biofuels policies in Brazil, Indonesia, Malaysia, and Europe are supporting long-term demand growth for oilseeds.

• Crush margins are currently above last year’s levels, particularly in North America and Argentina, though refining premiums are less robust than in 2022-2023.

• Demand for refined oil and soybean meal remains strong, supported by global protein consumption and higher inclusion rates.

• China remains a critical market, though demand has slowed; focus remains on maintaining flexibility and relationships.

Risk management and operational flexibility

• Diversified footprint across geographies and crops provides visibility and hedging capabilities against market volatility.

• Ability to shift assets and production in response to crop mix changes, weather events, and geopolitical disruptions.

• Geopolitical unrest and supply chain disruptions increase complexity and costs but also create opportunities for risk management and customer solutions.

• Flexible asset base allows for rapid response to changing customer needs and margin opportunities.

• Resilient earnings profile, with higher highs in strong markets and higher lows in downturns due to diversification.