Leaner times for Cargill

For a century and a half, Cargill has demonstrated the advantage of being private. — Bloomberg

CARGILL Inc, the largest privately owned company in America, has enjoyed a biblical bonanza – but leaner times loom.

As in the Pharaoh’s dream, the commodity trading giant has basked in seven years of fat profit thanks to the impact of the pandemic, war, inflation and geopolitical chaos on food prices. But, as in the prophecy, it now confronts a famine.