Stock Market News

Cargill fiscal 2023 revenue rises 7% to record $177 billion

2023.08.03 14:28


© Reuters. FILE PHOTO: Cargill Ltd., a meat-packing plant near Montreal, is seen in Chambly, Quebec, Canada May 11, 2020. REUTERS/Christinne Muschi/File Photo

By Karl Plume

(Reuters) – Global commodities trader Cargill Inc reported this week that its fiscal year 2023 revenue increased 7% from a year earlier to $177 billion, the highest ever for the 158-year-old company.

Privately-held Cargill’s strong result released on Wednesday was the latest for a global farm commodities trader after publicly-traded peers Archer-Daniels-Midland and Bunge (NYSE:) both reported solid earnings in their most recent quarters and raised their profit outlooks for 2023.

Cargill halted public reporting of most of its quarterly and annual financial data in 2020 but reports its sales for its June-to-May fiscal year in its annual report.

Robust demand for food, animal feed and biofuel, and global supply disruptions such as war in major crop exporter Ukraine, have elevated profits for grains merchants.

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 98,290.33 0.57%
ethereum
Ethereum (ETH) $ 3,452.98 1.38%
tether
Tether (USDT) $ 0.999283 0.08%
xrp
XRP (XRP) $ 2.27 2.04%
bnb
BNB (BNB) $ 700.07 0.73%
solana
Solana (SOL) $ 197.61 0.55%
dogecoin
Dogecoin (DOGE) $ 0.328444 1.81%
usd-coin
USDC (USDC) $ 1.00 0.09%
staked-ether
Lido Staked Ether (STETH) $ 3,447.79 1.05%
cardano
Cardano (ADA) $ 0.908046 3.27%
tron
TRON (TRX) $ 0.255809 0.89%
avalanche-2
Avalanche (AVAX) $ 40.29 2.17%
chainlink
Chainlink (LINK) $ 24.44 0.32%
the-open-network
Toncoin (TON) $ 5.95 2.91%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,105.57 0.97%
shiba-inu
Shiba Inu (SHIB) $ 0.000023 2.10%
sui
Sui (SUI) $ 4.53 1.08%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 98,090.28 0.50%
hedera-hashgraph
Hedera (HBAR) $ 0.313191 3.06%
stellar
Stellar (XLM) $ 0.380843 5.91%
polkadot
Polkadot (DOT) $ 7.44 1.32%
weth
WETH (WETH) $ 3,452.34 1.44%
hyperliquid
Hyperliquid (HYPE) $ 27.80 6.59%
bitcoin-cash
Bitcoin Cash (BCH) $ 457.48 3.67%
leo-token
LEO Token (LEO) $ 9.55 0.63%
uniswap
Uniswap (UNI) $ 13.78 5.09%
litecoin
Litecoin (LTC) $ 107.62 1.66%
bitget-token
Bitget Token (BGB) $ 5.66 16.44%
pepe
Pepe (PEPE) $ 0.000018 4.78%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,647.57 0.90%
near
NEAR Protocol (NEAR) $ 5.42 2.92%
ethena-usde
Ethena USDe (USDE) $ 0.999267 0.05%
aave
Aave (AAVE) $ 369.00 2.00%
usds
USDS (USDS) $ 1.00 0.13%
internet-computer
Internet Computer (ICP) $ 11.17 0.28%
aptos
Aptos (APT) $ 9.55 2.09%
crypto-com-chain
Cronos (CRO) $ 0.157803 4.90%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.510205 3.59%
vechain
VeChain (VET) $ 0.051454 3.76%
mantle
Mantle (MNT) $ 1.23 0.80%
ethereum-classic
Ethereum Classic (ETC) $ 27.11 3.88%
render-token
Render (RENDER) $ 7.50 4.98%
bittensor
Bittensor (TAO) $ 506.18 1.38%
whitebit
WhiteBIT Coin (WBT) $ 24.94 0.51%
monero
Monero (XMR) $ 193.46 1.09%
mantra-dao
MANTRA (OM) $ 3.74 1.40%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.34 4.90%
dai
Dai (DAI) $ 1.00 0.11%
arbitrum
Arbitrum (ARB) $ 0.793652 3.55%
filecoin
Filecoin (FIL) $ 5.26 4.76%