CHICAGO (Reuters) – Global commodities trader Cargill Inc reported a 17% rise in revenue in fiscal year 2021 on Monday, the latest company to benefit from high prices for agricultural goods.
Privately held Cargill halted public reporting of most of its quarterly and annual financial data last year. It said in an annual report fiscal year revenue had been $134.4 billion.
Cargill’s publicly traded rivals in the grain trading business including Archer-Daniels-Midland Co and Bunge Ltd have reported strong quarterly profits due to high export demand for and high prices of commodity crops and vegetable oils.
Cargill is also one of the largest U.S. beef processors.
(Reporting by Tom Polansek; Editing by Chizu Nomiyama)