Cargill Incorporated

Cargill reports second-quarter fiscal 2007 earnings:

MINNEAPOLIS – Cargill today reported net earnings of $662 million in the 2007 second quarter ended Nov. 30, up 34 percent from $495 million in the same period a year ago. In the first six months, the company earned $1.16 billion, a 16 percent increase from $999 million a year ago. Those represent the strongest operating performances in company history.

“Cargill delivered outstanding results in the second quarter,” said Warren Staley, Cargill chairman and chief executive officer. “Similar to the first quarter, we experienced fast-changing markets in the second period, brought about by the interest in biofuels, investor flows into commodity futures and other markets offering diversification, and expansionary economies in many parts of the world. Our team did a good job working across the business and geographic breadth of Cargill to stay on top of the price volatility and bring the best ideas, products and services to those we serve in food, agriculture and risk management.”

Cargill is an international provider of food, agricultural and risk management products and services. With 149,000 employees in 63 countries, the company is committed to using its knowledge and experience to collaborate with customers to help them succeed.