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5 September 2013 | Will Green
Food giant Cargill claimed it contributed more than $81 million (£51.9 million) over the past five years to reduce worldwide hunger.
The firm, in its 2013 Corporate Responsibility Report, said it trained 3.2 million Chinese farmers over the period, and in the 2013 fiscal year, which ran to 31 May, it invested $750 million (£481 million) in Africa.
Cargill said in Indonesia it trains 2,000 livestock farmers each year while in South Africa it works with 900 farmers to source almost one million tons of grain, where they use silo bags provided by the company to store crops until market prices are favourable.
In 2012 Cargill trained 90,000 cocoa farmers around the globe in better practices while in 2013 it invested more than $3.5 billion (£2.2 billion) in assets and facilities to increase agricultural capacity. This included a new $40 million (£25.6 million) poultry processing plant in Russia and a $4.3 million (£2.8 million) investment to boost cocoa pressing capacity by 25 per cent at a factory in Brazil.
By 2020 Cargill is also committed to only supply palm oil products certified by the Roundtable on Sustainable Palm Oil and/or originated from smallholder growers.
The firm, a producer and marketer of food, agricultural, financial and industrial products and services, had earnings of $2.31 billion (£1.48 billion) in 2013 on revenues of $136.7 billion (£87.6 billion).
Gregory Page, chairman and CEO, said: “Cargill’s vision is to be the global leader in nourishing people. This gives a framework to all our actions, whether it is storing crops and minimising spoilage, championing the use of practices that protect the environment, responsibly sourcing commodities, developing supply chains that respect people and human rights, or living up to the ethical standard we have set for ourselves.”