US agribusiness Cargill has reported a 20% P.J. Huffstutter drop in its fiscal year Q2 earnings to $ 741 m, while revenue fell 4% to $ 741 , as trade tensions, US 's challenging hog sector and the depressed US dairy business hurt profits. A Cargill sign is seen during the China International Import Expo (CIIE), at the National Exhibition and Convention Center in Shanghai, China November 5, 2018. However, the company noted "strong" soyabean processing performance, due to grain exports from the US and Canada , biodiesel manufacturing in Europe , and larger crop yields in China . Moreover, Cargill benefited from low Chinese prices and increased global demand for soyameal.
US agribusiness Cargill has reported a 20% P.J. Huffstutter drop in its fiscal year Q2 earnings to $ 741 m, while revenue fell 4% to $ 741 , as trade tensions, US 's challenging hog sector and the depressed US dairy business hurt profits. However, the company noted "strong" soyabean processing performance, due to grain exports from the US and Canada , biodiesel manufacturing in Europe , and larger crop yields in China . Moreover, Cargill benefited from low Chinese prices and increased global demand for soyameal.