Cargill Group saw earnings increase to $1.49 billion for the first quarter of 2009, from $917 million for the same period last year.

"Our teams attention to measuring and managing risk and exercising fiscal discipline allowed our company to respond to the supply and demand situation in fast moving markets," says Greg Page, CEO of Cargill.

Cargill has opened several new facilities in the first quarter, including a new ethanol plant and a frozen beef and hamburger plant.

Cargill currently employs 160,000 people in 67 different countries.