ADM: Mideast turmoil not disrupting grain shipments

by World Grain Staff
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DECATUR, ILLINOIS, U.S. — An Archer Daniels Midland Co. executive said on March 9 that there have been no serious disruptions to grain and agricultural product shipments to the Middle East and North Africa, according to news reports.

"Issues are country specific, but most countries in the Middle East are currently offloading product," ADM Senior Vice-President and Chief Financial Officer Ray Young said at the Bank of America Merrill Lynch Consumer Conference in New York, New York, U.S.

Turmoil in Egypt, Tunisia and Libya has put grain markets on edge about shipments to the regions, which are import-dependent.

Grain demand surged in January, but port operations in Egypt were crippled in February at the height of the unrest. Grain shippers have reported few issues since then.

More recently, numerous cargoes of grain and other food products have been rerouted amid spreading violence in Libya, Reuters said in a news report.
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