Bunge Global Markets Inc.

Agriculture
NYSE: BG
USA

[email protected]

"More than 20 ships carrying around one million tonnes of grain are stuck outside Iranian ports as US sanctions create payment problems and hamper the country's efforts to import vital commodities, sources directly involved in the trade said. Trading companies such as Bunge (BG.N) and China's COFCO International have been hit by payment delays and additional costs of up to $15,000 a day as the renewed US restrictions stifle the processing of transactions, trade sources said." (Ashraq Al-Awsat, 10/4/2019).

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Cargill, Bunge and other global traders have halted food supply deals with Iran because new U.S. sanctions have paralysed banking systems required to secure payments, industry and Iranian government sources say. (12/21/2018)

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July 2017 - Over the past two months, the same strategy has brought top managers of world’s most prominent and most reputable grain companies to Iran for holding joint meetings with directors of Iran’s GTC,” noted the official. In the meantime, managers of Bunge Limited, Archer Daniels Midland (ADM), Olam International and KAMO Grain Inc. have been among most credible international firms who made presence in the country and attended important meetings over the food sector.”

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Over the last three presidential administrations, the United States government has granted Bunge Global Markets 47 special licenses to do business in Iran. (New York Times, "Companies with Permission to Bypass Sanctions," 12/24/10)