Cargill Earnings Rise 25 Pct In Q2

Strong contributions from the company’s holdings in fertiliser manufacturer, The Mosaic Co., helped drive a 25% gain in earnings at Cargill in the second quarter. Net income in the second quarter ended Nov. 30 was $1.19 billion, up from $954 million in the same period a year ago. For the first half of fiscal 2009, earnings totaled $2.68 billion, up 43% from $1.87 billion in the first six months of fiscal 2008.

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During the period Cargill opened a rapeseed crush facility in Montoir, France, a joint venture with a French cooperative, which it says will draw primarily on locally grown rapeseed to produce a variety of oil and meal-based products for the French food, animal nutrition and biodiesel industries.