Sector News

Cargill seeks to trim its sprawling empire

August 24, 2016
Food & Drink

Cargill has just completed a “pivotal year”, says its annual report for 2015-16. The big question now is whether the world’s largest agricultural trading house will pivot back to growth.

The US company’s operating profit in its last financial year to the end of May was the lowest since 2011-12, dragged down by weak grain markets that form part of the broad slump in commodities prices.

In response to the downturn, Cargill executives are seeking to simplify and provide greater coherence to a 151-year-old company that has become a sprawling conglomerate. Cargill wants to expand in areas of existing strength and exit those activities where it has little or no competitive advantage.

> Read the full article in the Financial Times

Source: The Financial Times

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