Minneapolis-Cargill Inc. reported net earnings of $883 million in the fiscal 2011 first quarter ended Aug. 31, up 68 percent from $525 million in the same period a year ago. Excluding earnings from its majority investment in The Mosaic Co., Cargill earned $693 million, a 51 percent increase from $458 million in the year-ago period. First-quarter revenues rose 6 percent, to $27.8 billion. “Cargill posted a strong start to the new fiscal year,” said Greg Page, Cargill chairman and CEO. “Our results were led by the food ingredients and the commodity trading and processing segments, both of which experienced resurgence in volatility across agricultural commodity markets. The change put Cargill’s global breadth, trading and risk management skills more acutely into play as we worked with customers to help them manage their price risk and raw material needs.”
Transparency Across the Fertilizer Value-Chain