Cargill's profits in Brazil rise to $385 mln in 2020


Reporting by Roberto Samora, Editing by Rosalba O’Brien, Reuters

April 28, 2021


SAO PAULO, April 28 (Reuters) - The net income of commodities trader Cargill Inc in Brazil reached 2.1 billion reais ($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...