Cargill Inc. reported a 14 per cent increase in third-quarter profits to $566 million US, even though revenues decline by four per cent to $26.9 billion.
African Swine Fever in China reduced its animal nutrition division profits and so did a decline in ethanol demand.
The nine-months figures are a three per cent decline in profits to $2.33 billion and revenues totaled $83.5 billion.
Cargill is the largest privately-held company in the U.S. and has significant operations in Ontario and across Canada, such as Better Beef Ltd. in Guelph and feed and fertilizer facilities.
