Cargill the US agribusiness giants has reported a third consecutive slump in quarterly earnings, as one of the world's largest commodity traders took a beating from sugar losses and volatility in financial markets. "The second quarter was significantly below expectations, especially in contrast to last year when we posted our strongest quarter ever," Cargill Chief Executive Greg Page said in a statement.
He said the company was working to cut costs and simplify work processes. Family-owned and Minneapolis-based Cargill with a century-long history of dominating global grain markets, reported US$100 million (€78.945 million) in earnings from continuing operations for its second quarter ended November 30, down 88 percent from US$832 million (€656.825 million) a year earlier and the worst quarter since 2001. Read more ...
This blog is written by Martin Little, The Global Miller, published and supported by the GFMT Magazine and the International Milling Directory from Perendale Publishers. To get your copy of 'PPLAPP' click here.
He said the company was working to cut costs and simplify work processes. Family-owned and Minneapolis-based Cargill with a century-long history of dominating global grain markets, reported US$100 million (€78.945 million) in earnings from continuing operations for its second quarter ended November 30, down 88 percent from US$832 million (€656.825 million) a year earlier and the worst quarter since 2001. Read more ...
This blog is written by Martin Little, The Global Miller, published and supported by the GFMT Magazine and the International Milling Directory from Perendale Publishers. To get your copy of 'PPLAPP' click here.
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