Grain handler Viterra Inc. expects demand for its agriculture products to remain strong well into the future due to worldwide food shortages after racking up a 70-per-cent increase in its third-quarter profit. The former Saskatchewan Wheat Pool reported yesterday earnings of $166.7-million, or 71 cents per share, up from a year-before $98.5-million or 58 cents per share, crediting increased demand and enhanced elevator efficiencies for the gains. Revenue rose to $2.2-billion, up from $1.4-billion a year ago, bringing year-to-date sales to $5.1-billion, more than double last year. Viterra expects demand for its products to remain strong. "Food stocks are low and there remains a significant food deficit worldwide," chief executive Mayo Schmidt said on a conference call. VT (TSX) rose 19 cents to $10.40.
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