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Good quarter for Cargill

Cargill has reported net earnings of $883 million for the first fiscal quarter of 2011 which ended Aug. 31. That is up 68 percent from $525 million in the same period a year ago. Excluding earnings from its majority investment in The Mosaic Company, Cargill earned $693 million, a 51 percent increase from $458 million in the year-ago period. First-quarter revenues rose 6 percent to $27.8 billion.

Chairman and chief executive officer Greg Page said the increases were led by the food ingredients and the commodity trading and processing segments. Earnings declined in agriculture services and the risk management and financial segment