Cargill's global profit fell 6 percent in the second quarter

The American giant Cargill recorded net income of $ $924 million in the second quarter of the fiscal year 2018, ended on November 30. The result is 6% lower than in the same range of fiscal year 2017, when there was a profit of $ $986 million, reported yesterday the company.
Net income totaled $ $29.2 billion multi-industry in the second quarter, 8 percent above the same period of the fiscal year 2017. In the first half of the fiscal year 2018, the company had profit of $ $1.9 billion and $ $56.5 billion of revenue, 2.2% and 4.6% compared to the previous year, respectively.
"Even though the conditions vary in our global markets, we continue to perceive greater benefits to operate as an integrated company," said David MacLennan, CEO and chairman of Cargill, in a report.
Segment analysis, the result of the origination and processing area of grain decreased moderately in the second quarter of the fiscal year 2017, reflecting global stocks.
The company also highlighted in a report, which, although global demand continues to grow, the high stocks weighed on markets, diminishing the commercial opportunities, which affected the results.
The slow pace of sales of soybeans and corn in Brazil in 2017 has damaged the performance of multinationals who trade grains. Brazilian farmers held sales of soybeans and corn hoping for better prices, and competition between the trading companies to honor its supply contracts in many instances spawned business that compromised margins.