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