UPDATE 1-Ship carrying U.S. sorghum to China switches route to South Korea - Eikon data [Reuters]
Archer-Daniels-Midland Company (ADM)
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Source: Reuters
UPDATE 1-Ship carrying U.S. sorghum to China switches route to South Korea - Eikon data | Reuters Reuters Staff 2 Min Read (Adds context) BEIJING, May 3 (Reuters) - A vessel carrying 58,503 tonnes of sorghum from the United States switched its destination from China to South Korea early on Thursday, according to Thomson Reuters Eikon ship tracking data. The Peak Pegasus loaded U.S. sorghum from trader ADM’s Corpus Christi grain elevator in Texas and departed on April 3 for Nansha in southern China, according to U.S. Department of Agriculture data. It is now due to arrive in Gunsan in South Korea on May 10, according to the data. The cargo is one of almost two dozen bought by China but now stranded after Beijing said it would impose a hefty deposit on U.S. shipments of the grain in an anti-dumping probe. Importers now facing losses of millions of dollars on their cargoes are trying to resell the grain to buyers elsewhere but are being forced to offer steep discounts. Four cargoes have
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ADM
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- 3/12/24 - Miss
ADM
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- 3/22/24 - Form 4
- 3/22/24 - Form 4
- 3/22/24 - Form 4
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