Upbeat US food group Cargill has published “record” full-year earnings today (21 August) with profits up 36%.

The company booked net profit of US$2.3bn, up from $17bn a year earlier. Sales climbed 17% to $88.3bn for the year ending 31 May, Cargill said.

Cargill chairman Warren Staley said the results represented the “fifth consecutive year of record earnings”.

“The company’s business diversity and global reach, our solutions approach to serving customers, and our team’s ability to manage supply chains and price risk in fast-changing markets were responsible for today’s results,” Staley added.