Cargill quarterly profit dives 41% 

Friday, 12 July 2019 00:00 Written by  font size decrease font size decrease font size increase font size increase font size

The Cargill's fourth-quarter earnings will be down significantly.

Experts have evaluated several factors such as severe climate change, spread of African Swine Fever virus and US-China trade disputes as one of the most important factors affecting this decline.
According to estimates, Q4 earnings of the largest private company in the United States dropped by 41 percent from $ 809 million last year to $ 476 million this year.
The company's annual revenue will be $ 2.82 billion, down 12 percent from last year.
The financial director of the company, David Dines, acknowledged that if the climate and US-China trade war were Combined, the industry would face such problems.
it seems that the company has been compensated by using value of products such as eggs for part of reduction in the margin of profit in animal feed.

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