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Cargill Seeks Profitability with Business Split and Alternative Protein Focus
US agribusiness giant Cargill reportedly plans to split its business into three operating units instead of the current five: Food, Ag & Trading, and a Specialised Portfolio focused on animal nutrition and health. According to Reuters, Cargill and other agricultural merchants are facing financial and operational difficulties due to commodity crop prices approaching four-year lows, resulting in fallen crop processing margins and squeezing Cargill’s profit margins. Alternative protein focus Cargill, the world’s third-largest meat producer, has been active in the plant-based and alternative protein space for several years. In addition to offering a portfolio of plant-based protein ingredients, fibers, texturizers, plant-based oils, and fats, the company invests in companies developing sustainable food solutions. Over the past few years, the Minnesota-based firm has invested in various …