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Stock impact report

China Buys Rare Argentine Wheat Cargo as Milei Trims Tariffs [Yahoo! Finance Canada]

Bunge Limited Bunge Limited (BG) 
Last bunge limited bunge limited earnings: 2/12 06:00 am Check Earnings Report
US:NYSE Investor Relations: bunge.com/investors
Most Read from Bloomberg The purchase comes as Argentine wheat is some of the cheapest in the world thanks to a near-perfect growing season that's produced a blowout crop. Milei's latest cut to tariffs on farm exports, including a reduction of 2 percentage points for wheat to 7.5%, was also enacted on Dec. 12, making Argentine cargoes even more competitive. While export tariffs may be anathema to many countries, Argentina has levied them since the turn of the century to fund government spending. Milei, a libertarian on a crusade to free up business, intends to eventually scrap them altogether. The wheat trade also deepens a trend of China buying more crops in South America amid a protracted trade dispute with the US. Last year, not long before President Donald Trump took office, Beijing opened the door to wheat and corn from Argentina in a sign that it viewed the country as an option to diversify its food supplies. China authorized imports of Argentine soybean meal during T Show less Read more
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