Skip to content
Subscriber Only

Worst-Performing Currency Helps Cargill Widen Margins in Brazil

  • Strong demand is also helping push up origination profits
  • Possible Brazil meat-plant shutdowns are a concern for Cargill
A Soy Harvest As Crop Futures Fall On Brazil Real Crash And Virus Woes
Photographer: Patricia Monteiro/Bloomberg
Updated on

Brazil’s tumbling currency coupled with strong demand are boosting margins for agricultural powerhouse Cargill Inc. in the biggest soybean-exporting nation.

That’s according to Paulo Sousa, who heads Cargill’s operations in Brazil. The Brazilian real is the worst-performing major currency this year. That’s giving farmers incentive to sell to trading houses at a time when importers are looking to lock in supply amid concerns over disruptions to global supply chains because of the coronavirus outbreak.