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Cargill reports higher profit on strong meat demand


By Karl Plume(Reuters) - Global commodities trader Cargill Inc [CARG.UL] reported a much higher quarterly net profit on Thursday, citing strong demand for beef and poultry and solid U.S. grain exports even as robust grain production posed a challenge.The privately held company, which is in the second year of a restructuring, said results were higher in each of its four business segments and revenue hit a two-year high."The structural improvements we've made, as well as favourable conditions in some markets, have yielded strong results," Chief Executive Officer David MacLennan said in a ...

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First Published: Fri, July 14 2017. 00:17 IST