South America, Europe Footprint Gives Bunge Edge: CEO

Bunge (BG -0.1%) will withstand any global agricultural trade disruptions arising from U.S.-China tensions thanks to its massive soybean processing capacity in South America and expansion in Europe, CEO Soren Schroder says.

While ongoing trade tensions are not good for the overall grain sector, Bunge’s “footprint comes into play at times like this,” Schroder tells BMO's 2018 Farm to Market Conference in New York.

Beyond trade tensions, Schroder says Bunge has not followed soy crushers that have purchased U.S. soybeans for fall delivery to fill an anticipated gap due to a drought in Argentina, as the margins do not justify it.

Also, Bunge has readied its Brazilian sugar milling unit to “stand on its own two feet," Schroder says, after completing a key filing yesterday for a potential IPO of the business.

Source : https://seekingalpha.com/news/3357357-bunges-global-footprint-offers-edge-case-ag-trade-disruptions-ceo-says

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