Cargill Revenue Declines as Trader Struggles With Profit Targets

Cargill Inc. took a revenue hit of almost 10% in its most-recent fiscal year, a decline that comes amid signs of profit struggles at the world’s biggest crop trader.

Revenue for the 12 months ended in May fell to $160 billion, compared with about $177 billion in the prior period, the closely held Minneapolis-based company said Tuesday in its annual report. The drop came after two straight years of record sales.