
Cargill, one of the largest American agricultural traders, announces a drop of almost 43% in its net profit for the 2022-2023 financial year. This decrease is mainly due to problems in the beef processing sector and an oversupply of chicken on the market. Despite a 7% increase in turnover, the company faced reduced margins and increased financial interest expenses and restructuring costs. This drop in profits also reflects a return to a more stable price situation on agricultural commodity markets. Nevertheless, although facing challenges, Cargill remains a key player in the global food supply chain and seeks to grow by adapting to market challenges and exploring new opportunities.