Cargill posted revenue of $160 billion (14.5 trillion rubles) for the fiscal year ended May 31, down from $177 billion (16 trillion rubles) in the previous financial year, World Grain reported Aug. 14.
Brian Sykes, chairman, president and CEO, cited circumstances caused by conflict, demographic shifts and unstable economic and environmental conditions. He said the world’s population will increase by 500 million people by 2030. The food system will need to add up to 50 million tons of agricultural products a year.
Sykes praised Cargill’s RegenConnect program, which helps farmers adopt environmentally friendly practices to improve soil health, water quality, carbon sequestration and productivity. The program aims to provide 24 U.S. states with 10 million acres (4.05 million hectares) of North American farmland using regenerative agriculture by 2030.
Cargill is fighting deforestation in Brazil, Argentina and Uruguay. Around 30% of global trade flows of soybeans, corn, wheat and cotton pass through these three countries.
Source: Rossa Primavera
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