RIO DE JANEIRO, BRAZIL - The net income of commodities trader Cargill Inc in Brazil reached R$2.1 billion (US$385.2 million) in 2020, the company said on Wednesday, an increase over 2019 results, boosted in large part by the devaluation of the local currency.
The volume of Brazil soy exports rose by 9% in 2020, Cargill said.
Cargill’s president in Brazil, Paulo Sousa, told Reuters in an interview that the outlook for 2021 “tends” to positive, thanks to the foreign exchange rate and strong demand abroad for food products.
“In general terms, when the agricultural producer is . . .
To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here