Bunge Could Export U.S. Soybeans to Argentina
Trade tensions are upsetting the global flow of commodities
Bunge Ltd. will export U.S. soybeans to Argentina "if margins justify it," Chief Executive Officer Soren Schroder said at an investor event in New York on Wednesday.
According to the St. Louis Post-Dispatch, U.S. soybean sales to China ground to a halt after Beijing threatened tariffs on imports, Schroder said previously the latest sign of mounting trade tensions upsetting the global flow of commodities.
Countries such as Brazil and Canada are increasing soybean sales to China following Beijing’s threat last month to impose a 25% tariff on imports of U.S. soybeans, Chief Executive Soren Schroder said in an interview.
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