The Minneapolis-based firm has two GCCs in India, with most of the tech operations running out of Bengaluru while Gurugram centre focusses on finance and human resource functions
Global commodities trader Cargill Inc on Tuesday reported that its fiscal year 2022 revenue jumped 23% from a year earlier to $165 billion.
Last year, FMCG products vanished from retail shelves as consumers scrambled to hoard products after the government announced a nationwide lockdown. Anticipating a similar spike in demand, companies such as Cargill, CavinKare and Parle Products have ensured their distributors and retailers are fully stocked up this time around.
This year, approximately 6,600 primary household grocery shoppers were surveyed in 12 countries, including the United States, India, Germany, China, Brazil, the United Kingdom.
To meet this goal, the company has also launched a campaign to re-launch the brand, said Subin Sivan, Marketing Head, Cargill's oils business in India.
Cargill Animal Nutrition is a global business unit within Cargill and represents an organisation of over 23,000 employees with 280 facilities in 40 countries, serving customers in more than 100 countries.
The company expects the new segment to contribute 2.5-3 percent to its overall revenue.
"Cargill, a leading food and agriculture company, announced today that it is investing USD 240 million (equivalent to Rs 1,500 crore) in India over the next 5 years," a company statement said.
Food regulator FSSAI today said major wheat-flour brands like ITC, HUL, Cargill and Patanjali would begin to fortify wheat flour with iron, folic acid and vitamin B-12.
In an interview to CNBC-TV18‘s Manisha Gupta, Alan Willits, Chairman of Cargill's Asia-Pacific Region gave his view on how the year 2016 was for global agriculture trading.
Big food companies like Cargill, Future group and Tata Global Beverages have shown interest in launching fortified food items to fight malnutrition, a top official of food safety regulator FSSAI today said.
The ninth edition of the Product of the Year Awards in India was an extravaganza worth remembering for some great brands and Cyrus Broacha’s ...
The theme of the meet is 'Delivering Growth in the New Context'. WEF, along with the Confederation of Indian Industry (CII), will host the National Strategy Day on India here on November 3-4.
Australian agriculture service provider Cargill said that while current demand was growing at seven percent a year, production was rising by just four percent and India was set to become a net importer by 2020, according to news report.
Lower output in the main exporter of corn to Southeast Asia, at a time when the world is flush with Latin American and US supplies, should help underpin global prices of the grain that recently hit a 10-month low of USD 3.46-1/2 per bushel.
Concerns that untimely rains in February and March would cut wheat output, especially of high-protein varieties used to make pizzas and pasta, first drove millers in India's southern ports to place the orders.
David MacLennan, president and CEO of US agro business giant Cargill says being privately owned gives the company the luxury to be able to take a longer term perspective than perhaps some public companies do.
The agreement has already been signed. The sources estimate the deal size to be less than Rs 100 crore.
After much deliberation, the government has finally announced a partial decontrol of the sugar sector, which is hoped to make the business more viable and attract large scale investments too, says Nirmal Bang research report.
India's latest offer of more wheat for export is priced below government costs to source and handle the grain, but is still too steep for international buyers, leaving the possibility of extra sales to local bulk buyers.
KS Oils promoters are in talks with Ruchi Soya & Global players like Archer Daniels Midland & Cargill to sell its 35% stake, reports The Financial Express. It touched an intraday high of Rs 10.25 and an intraday low of Rs 9.50. At 09:26 hrs the share was quoting at Rs 9.55, down Rs 0.45, or 4.50%.
Marico shares rose Monday morning after the fast moving consumer goods company sold its Sweekar edible oil brand to Cargill India.