Minnesota-based Cargill Inc. has posted a 66 percent decline in net profit, Financial Times reports. The world’s biggest agricultural trader earned $236 million in the first quarter to August 31, down from $693 million the previous year.

Cargill’s revenue rose 34 percent to $34.6 billion from the same quarter in the previous year. The company has cited macroeconomic uncertainty for the poor earnings.

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