rss icon Subscribe
desktop mobile

ADM CFO: Supply Chain Can be Managed Through U.S.-China Trade Tensions

File Image (CREDIT: AdobeStock / © Igor Strukov)

Posted by Joseph Keefe

Global grain merchant Archer Daniels Midland Co (ADM)feels it can manage its supply chain to adapt to China's threatened tariffs on imports of U.S. soybeans, Chief Financial Officer Ray Young said on Wednesday.
The Chicago-based company is confident the world's two largest economies will "get through" the trade dispute, and sees an opportunity for China to import additional ethanol, Young said at the BMO Capital Markets 2018 Farm to Market Conference in New York.

Beijing has threatened tariffs on imports of U.S. products including soybeans, America's top agricultural export to China, worth more than $12 billion last year.

Reporting by Tom Polansek

May 16, 2018

 

Bulk Carriers

Euro Zone Trade in Goods Surplus Shrinks as Exports Drop

© Suttisak / Adobe Stock

Euro zone's surplus for goods traded with the rest of the world dropped in May as exports fell and

Fednav Adds 60th Owned Dry Bulk Vessel

Pic: Fednav Limited

Canada's Fednav Limited takes ownership of a 60th bulk carrier, an important milestone in

Cargo Ships De-listed After Crimea Grain Trades

© Paolo Pizzimenti / Adobe Stock

At least two countries have struck cargo vessels off their registries in recent weeks after the

Contracts

Keppel Wins FPSO, FSRU Contracts

In Brazil, Keppel FELS Brasil Ltda (Keppel FELS Brasil) has been engaged by MODEC Offshore Production Systems (Singapore) Pte Ltd., part of the MODEC, Inc.

UAE's Adnoc Awards USD 1.6bln Contract to China’s CNPC

Image: ADNOC

The Abu Dhabi National Oil Company (ADNOC) has awarded contracts worth AED 5.88bn (US $1.

Seadrill Gets ABS-Managed Pressure Drilling Notation

Image: ABS

ABS has announced it has issued the managed pressure drilling notation ABS MPD to Seadrill for the

Maritime Apps