Cargill Still Keen On Russia – for Aug. 26, 2010

CHICAGO/REUTERS

U. S. agribusiness trading giant and exporter Cargill Inc. is not changing its long-term investment strategy for Russia and the Black Sea region despite the area’s devastating drought that slashed grain output, Cargill’s CFO said Aug. 17.

“It does not impact our enthusiasm or our investment strategy for that region,” Cargill chief financial officer David MacLennan told Reuters in an interview after the company reported quarterly earnings.

MacLennan added that he was optimistic about the start of the first quarter for fiscal 2011, which began on June 1.

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