Cargill quarterly earnings rise 25 percent

14-01-2009 | |

U.S. agribusiness and trading giant Cargill Inc reported a 25 percent jump in quarterly earnings.

The jump has been the result of the company’s investment in the fertilizer industry through its holdings in Mosaic Co. Excluding earnings from that investment, Cargill’s results were moderately below a year ago.

Minneapolis-based Cargill, one of the world’s largest private corporations, earned $1.19 billion in the fiscal second quarter, ended November 30, up from $954 million a year earlier.