Cargill’s profits are to rise – but will not hit the bumper levels of three years ago, Fitch Ratings has forecast, noting a, small, downside to the company from soaring crop prices.
While Fitch gave no reason for its forecast, the forecast implies that Cargill will not be able to maintain the rate of 68% growth in earnings seen in the June-to-August period, the first quarter of the 2011 fiscal year.