Historic surge for global food corporation.
Bloomberg has gained access to Cargill’s latest report that shows it made more money in the first nine months of its 2021 fiscal year than in any full-year ever before.
Cargill stopped releasing its results publicly in 2020, but the publication saw that in two separate copies of the data (disclosed to bond investors) that EBITDA was USD 7.1 billion during the first nine months of its fiscal year. Net income was USD 4.3 billion.
The commodities giant and EWOS owner saw demand for meat, corn and soybeans surge. The strategy of CEO David MacLennan since he took over in 2013, has been to tap into the demand for protein, including beef, chicken and fish.