By Javier Blas and Michael Hirtzer
Cargill Inc., the commodity superpower that’s the largest private U.S. company, is emerging as one of the biggest winners of the boom in global agricultural markets as it barrels toward its most profitable year ever in its 156-year run.
The company made almost $4.3 billion in net income during the first nine months of its fiscal year, according to data released by the trading house to tap the bond market. That figure already surpasses its best ever total annual profit.
Many in the market suspected that Cargill was performing well in the commodity boom, but this is the first time that actual data has become available. Cargill broke with a more than two-decade tradition in 2020 and stopped releasing its results publicly. It still shares financial results with its bankers and others. Ahead of a bond sale last week, the company opened its books to credit investors and credit rating agencies, disclosing the extent of its earnings.
Worldwide Biodiesel Industry to 2025 - Key Drivers, Challenges and Trends
May 14, 2021 07:13 ET | Source: Research and Markets Research and Markets Dublin, IRELAND
ResearchAndMarkets.com s offering.
The publisher has been monitoring the biodiesel market and it is poised to grow by $7.87 bn during 2021-2025, progressing at a CAGR of almost 5% during the forecast period.
The report on biodiesel market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing demand for biofuel and growing demand for algae for the production of biodiesel.
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NEW YORK, May 17, 2021 /PRNewswire/
Technavio has been monitoring the biodiesel market and it is poised to grow by USD 7.87 billion during 2021-2025, progressing at a CAGR of almost 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio has announced its latest market research report titled Biodiesel Market by Feedstock Type, Application, and Geography - Forecast and Analysis 2021-2025
Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries; however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the biodiesel market.
NEW YORK, May 17, 2021 /PRNewswire/
Technavio has been monitoring the biodiesel market and it is poised to grow by USD 7.87 billion during 2021-2025, progressing at a CAGR of almost 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries; however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the biodiesel market.
Biodiesel Market to grow by USD 7 87 billion | Key Drivers, Trends, and Market Forecasts prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.