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Rising Global Appetite Boosts Bunge's Profits.(B)(NYSE STOCKS IN THE NEWS)
Byline: David Saito-Chung
A number of mid-cap stocks with solid fundamentals have held up well despite January's correction. Bunge, which has a market cap of $6.14 billion, has sailed 241% since its July 2002 low of 16.98. The stock surged out of bases in December 2003 and in October 2004. In recent weeks, the stock has edged back to its 10-week moving average.
The global agricultural giant's products range from grains and oilseeds to soybean meal to fertilizers to bottled vegetable oils and shortenings. Officials say the global rise in population and incomes has translated into higher food spending. World population has grown from 4.93 billion in 1986 to an …
