Cargill has posted a 65% drop in first-quarter profits as demand weakened and profits were hit by plunging earnings at majority-owned fertilizer maker Mosaic.


Net earnings for the three months to 31 August totalled US$525m, down from $1.9bn last year, the agribusiness giant revealed.


“Cargill posted a solid quarter, notwithstanding the comparison to last year’s all-time record,” said Greg Page, Cargill chairman and CEO


“Our business unit earnings were broad based, and they were up considerably from the final two quarters of fiscal 2009. We’ve stayed focused on delivering solutions to customers, which drives the continuing investment in our people, facilities, technologies and innovation. All of this makes us optimistic about Cargill’s ability to grow and to help our customers succeed in this still-fragile world economy.”


Among Cargill’s five business segments, earnings in agriculture services and in food ingredients and applications were up from last year’s first quarter, due in part to lower raw material costs, reduced operating costs and changes to product mix.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Origination and processing earnings were “solid”, though down from last year’s record performance.

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now