Thursday, September 26, 2019

Cargill profits slide 10 per cent

Cargill’s first-quarter profits declined by 10 per cent to $915 million, despite strength in beef and eggs.

During the quarter, Cargill said it invested an additional $75 million in Puris, the largest manufacturer of pea protein in North America. 

Cargill also formed a commercial partnership with InnovaFeed, which produces protein from insects for feed. The companies jointly will market the insects as fish feed.