date:Jul 17, 2019
overridden global supply-and-demand fundamentals and disrupted trade flows, especially in corn and oilseeds. Adjusted operating profit in the fiscal fourth quarter fell to US$476 million, from US$809 million in the previous year.
Elsewhere, Cargill noted softening profitability in biodiesel contributed to lower results in Europe. Additionally, earnings in South America were held back by a crop shortfall in Paraguay and a difficult crush environment in Argentina.
Throughout the year, we faced