Exclusive: U.S. sorghum armada U-turns at sea after China tariffs Apr 19 2018 [Reuters]
Archer-Daniels-Midland Company (ADM)
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Source: Reuters
Exclusive: U.S. sorghum armada U-turns at sea after China tariffs | Reuters 6 Min Read CHICAGO (Reuters) - Several ships carrying cargoes of sorghum from the United States to China have changed course since Beijing slapped hefty anti-dumping deposits on U.S. imports of the grain, trade sources and a Reuters analysis of export and shipping data showed. Sorghum is a niche animal feed and a tiny slice of the billions of dollars in exports at stake in the trade dispute between the world’s two largest economies, which threatens to disrupt the flow of everything from steel to electronics. The supply-chain pain felt by sorghum suppliers on the Pacific, Atlantic and Indian oceans underscores how quickly the mounting trade tensions between the U.S. and China can impact the global agricultural sector, which has been reeling from low commodity prices amid a global grains glut. Twenty ships carrying over 1.2 million tonnes of U.S. sorghum are on the water, according to export inspections data fro
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Sec Filings
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- 4/10/24 - Form DEFA14A
- ADM's page on the SEC website