A Taste of Wellness for Savoury and Snacks
Givaudan
US giant Cargill, one of the world's largest agribusinesses, returned to profit in the fourth quarter compared with a year ago, as its efforts to integrate food trading and supply chain management bore fruit, reports the UK newspaper Financial Times.
The privately held company said two-thirds of its businesses, including sweeteners, edible oils, meats and cocoa, delivered strong results.
It said it had earned $144m (€145m) in its fiscal fourth quarter just ended, compared with a loss of $87m last time. For the full year, Cargill said earnings had more than doubled to $827m from $358m.
According to the news story the Minneapolis-based company three years ago launched a change in strategy, involving the application of supply chain management to its basic food trading businesses.
Cargill has recently completed the acquisition of Paris-based starch and sweetener group Cerestar from Italian energy company Edison.