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Cargill reports losses of 20% in second quarter

Cargill reports losses of 20% in second quarter

obal agribusiness giant Cargill reported a 20% fall in net earnings in its 2019 second quarter with oilseeds its only business sector to enjoy a strong result. Cargill reported net earnings of US$741M, a 20% decline from US$924M a year ago, while operating earnings were down 10%, from US$948M to US$853M. Second-quarter revenues fell 4% to US$28M, bringing the year-to-date figure to US$56.7bn.

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