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Bunge says new export business from Russia suspended, oilseed crushing continues

Published 10/03/2022, 18:45
Updated 10/03/2022, 18:51
© Reuters. FILE PHOTO: The sun sets behind grain elevators at the Bunge Grain facility along the Ohio River in Owensboro, Kentucky, U.S., September 16, 2017.   REUTERS/Brian Snyder
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(Reuters) - Global grain trader Bunge Ltd said Thursday that it has "suspended any new export business from Russia" after Moscow's invasion of neighboring Ukraine, but its oilseed crush plant in Russia is still operating and serving the domestic market.

© Reuters. FILE PHOTO: The sun sets behind grain elevators at the Bunge Grain facility along the Ohio River in Owensboro, Kentucky, U.S., September 16, 2017.   REUTERS/Brian Snyder

The company is complying with all legal sanctions, a Bunge spokesperson said in an emailed statement.

Bunge has scaled back its Russian grain trading activities in recent years, including the sale of its Rostov grain export terminal, and has $121 million in total assets in the country, according to an SEC filing.

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