date:Aug 10, 2012
, but profitability is lagging company targets.
High corn prices are certainly having an impact in terms of margin compression, Mr. Newkirk said. However, this is mainly a function of some of our existing supply contracts, most of which are expected to roll off in the second half of the year. Thats why we havent yet been able to fully take advantage of our new sourcing agreements. Fortunately, our supply partner has an extensive global corn origination network and is not solely dependent on loca