01 December, 2020 - 02 December, 2020
09 December, 2020 - 10 December, 2020
15 December, 2020 -
United States (Eastern time)
11 January, 2021 - 13 January, 2021
Sao Paulo, Brazil
16 January, 2021 - 19 January, 2021
Riva Del Garda (TN), Italy
Global commodities trader Cargill’s revenue for fiscal 2020, which ended on May 31, rose to US$114.6 billion, up 1% from the previous year.
The rise in revenue is the company’s third in the last four years, after U.S. flooding and the U.S.-China trade war cut revenues by 1% in fiscal 2019, according to company disclosures.
Cargill said it has reinvested 80% of operating cash flow back into the company. The supply chains of agricultural commodities traders continue to experience difficulties in light of the ongoing Covid-19 pandemic, with meat packers and biofuel producers forced to halt production. Coronavirus outbreaks have led to closures of some Cargill facilities, including a beef plant in Alberta, Canada, which produces burgers for McDonald’s restaurants.
Cargill said all of its North American beef plants have reopened as of early June with “enhanced safety procedures.”