FOOD & BEVERAGE

Agriculture & Commodity Processors

World’s Most Productive Companies

Agriculture & Commodity Processors: A Cyclical Down Year

Agriculture and Commodity Processors handle the origination, crushing, refining, and trading that move agricultural commodities through the food system. Margins are cyclical and volume-driven, and productivity tends to track crop cycles, trade flows, and global demand rather than brand or mix.

2025 was a down year. The group slipped below its 2019 baseline as softer volumes and a cooler commodity cycle weighed on results, and none of the companies in the group improved on the year.


Agriculture & Commodity Processors peer group IPI trends

Productivity Snapshot

  • Agriculture and Commodity Processors rank fourth of five Food and Beverage peer groups in 2025, at an Industrial Productivity Index of 0.95, about 5% below its 2019 baseline.
  • It was a challenged year: none of the four companies in the group grew productivity in 2025.
  • Margins here are cyclical and volume-driven, tracking crop cycles, trade flows, and global demand.
  • No company in the group earned a place on the 2026 World’s Most Productive Companies list this year.

Interested in learning more about how you stack up, where to improve, and the impact on margin, cash, inventory, and assets?