South America plants a plus for Bunge
The world’s top agricultural-commodity traders have for months stuck to the mantra they’ll benefit from a deadly pig disease roiling global markets. Just how much they’ll profit depends on the location of their assets, reportsBloomberg.
Success will hinge on whether the firms have plants that process soybeans into meal for pig feed in nations where meat-export demand is set to rise.
That’s good news for Bunge Ltd., which has the majority of its soy-processing assets in South America.
Archer-Daniels-Midland Co.may for now be hobbled by the Chicago-based company’s stake in a major soybean crusher in China, where demand for the oilseed is forecast to drop for the first time in 15 years as the pig disease spreads.
Read the full report atBloomberg.
US Corn Price Idx:ZCPAUS.CM
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