Close Menu
  • Home
  • About
  • Contact
  • Our Word Chefs
  • Write for us
  • Categories ———-
  • Food & Drink
  • Travel
  • Culture
  • Entertainment
  • Lifestyle
  • Retail
  • Health
  • ——————
  • Policies
    • Privacy Policy
    • Terms & Conditions
    • Cookies
Facebook X (Twitter)
  • Home
  • Latest
  • About
  • Our Word Chefs
  • Write for us
  • Contact
Facebook X (Twitter) Instagram
Food Future
  • Food & Drink
  • Health
  • Events
  • Entertainment
  • Hospitality
  • Retail
  • Travel
  • News
Food Future
Home » Latest » Cargill ‘Poised for Structural Overhaul’, Report Suggests
News

Cargill ‘Poised for Structural Overhaul’, Report Suggests

Sam AllcockBy Sam Allcock09/08/20242 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Reuters reports that agri-food companies are encountering challenges as commodity crop prices approach four-year lows and crop processing margins have declined.

US agri-food giant Cargill is reportedly planning a strategic overhaul that will see the business restructured into three operating units, down from the current five.

News agency Reuters, citing an internal memo it has seen and two unnamed company sources, wrote that Cargill, like other agri-food businesses, is facing difficulties as the prices of the commodity crops they trade reach four-year lows and crop processing margins have decreased.

According to Reuters, the memo indicates that the company intends to “reduce our costs and optimise our capital investments” and quotes CEO Brian Sykes as saying: “Our recent performance and the market trends unfolding in front of us have proven a clear and pressing case for change.”

The Minnesota-based business, a major supplier of meat and agricultural commodities with roots dating back to 1865, is reportedly planning to reorganise into three divisions: Food, Ag & Trading, and a Specialised Portfolio, primarily focusing on animal nutrition and health.

The new Food enterprise will merge the Food & Bio and Protein & Salt teams, while Cargill Risk Management and Metals will be incorporated into the new Ag & Trading enterprise.

As a privately-held company – the largest in the US – Cargill does not disclose its earnings, but Reuters notes that publicly traded peers such as Archer-Daniels-Midland and Bunge Global missed Wall Street estimates for second-quarter earnings.

Post Views: 438
Sam Allcock
  • Website

Related Posts

Press Release 12/05/2025

THE BRUSH EAST LONDON GRAND CAFÉ: CAFÉ CULTURE & COCKTAILS

Press Release 12/05/2025

Introducing The Vitamins Co.: Elevating Everyday Wellness with Methylated, Science-Backed Supplements

Press Release 12/05/2025

BBQ season is here, save big on outdoor must-haves at The Range

Lifestyle 10/05/2025

Honour Snack Bar, Toronto’s Authentic Dive Bar with Charm and Personality

Top Picks

THE BRUSH EAST LONDON GRAND CAFÉ: CAFÉ CULTURE & COCKTAILS

12/05/2025

Introducing The Vitamins Co.: Elevating Everyday Wellness with Methylated, Science-Backed Supplements

12/05/2025

BBQ season is here, save big on outdoor must-haves at The Range

12/05/2025

Top Benefits of Investing in Used Evaporative Condensers for Industrial Refrigeration

10/05/2025
Socialise With Us
  • Facebook
  • Twitter

Here at Food Future, we are a dedicated team of culinary enthusiasts passionate about writing food and drink experiences.

Beyond being a mere collection of recipes and guides, our platform is a celebration of the rich culinary landscape.

Join us in tasting the essence of tomorrow, today!

hello@foodfuture.org.uk

Our Picks

Ots Taxi

By Sam Allcock29/09/2024

EU Launches ‘More Than Only Food and Drink’ campaign for UK food industry

By Karen Contrino19/11/2024

Body Fit Training continues capital takeover with launch of third London studio

By Karen Contrino14/10/2024

Subscribe for Updates

Unleash a world of flavour in your inbox – subscribe now for a taste of Food Future's culinary delights

  • Home
  • About
  • Our Word Chefs
  • Write for us
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • Cookies
  • Sitemap
Facebook X (Twitter) LinkedIn
© FoodFuture.org.uk | All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.

Manage Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
View preferences
{title} {title} {title}