US agribusiness giant Cargill reported a rebound in earnings after its worst quarter in a decade, led by record profits in its global food ingredient businesses and stronger results in energy trading.
Minneapolis-based Cargill, one of the world’s largest privately-held corporations, reported $766 million in earnings for the fiscal third quarter, ahead of $763 million a year earlier. Cargill’s second- quarter profits fell 88 per cent to $100 million – the worst quarterly performance since 2001. – (Reuters)
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