ST. LOUIS, MISSOURI, US —Bunge Ltd. announced it will change its methodology for externally reported volumes beginning in the first quarter of 2022, a move designed to simplify and more closely align volume reporting with its primary income-generating activities and those of its industry peers.
Bunge said the change primarily involves the elimination of grains and oilseeds origination volumes.
Under the new reporting system, Bunge said volumes will be reported as follows:
- Processing volumes — represent oilseed volumes crushed (processed) during a period, which approximate sales volumes to third parties during the same period.
- Merchandising volumes — represent sales volumes to third-party customers.
- Refined and specialty oils segment volumes — represent sales volumes to third-party customers.
- Milling segment volumes — represent feedstock ground (processed) during a period, which approximate sales volumes during the same period.
Bunge said it will no loner report volumes for its Sugar and Bioenergy segment or for its Corporate and Other activities. The company added that certain prior-year amounts have been recast to conform to the new volumes reporting methodology.