Bunge will export US soybeans to Argentina “if margins justify it”: CEO
CHICAGO – Bunge Ltd <BG.N> will export US soybeans to Argentina “if margins justify it,” Chief Executive Officer Soren Schroder said at an investor event in New York on Wednesday.
Schroder, who was speaking at the BMO Capital Markets 2018 Farm to Market Conference, said that there could be periods of time in the late summer and fall of this year when there are some trade flows of U.S. soybeans to South America. But right now, the margins do not justify such moves, he said, and Bunge does not believe the volume of such trade flows will be particularly significant.
(Reporting by P.J. Huffstutter in Chicago and Chris Prentice in New York; Editing by Chizu Nomiyama)
Published on Wed, 16 May 2018 06:35:05 -0700