High fructose syrup producer ADM stock falls after Trump says Coca-Cola to use real cane sugar
Archer-Daniels-Midland Co. (ADM) The sign was shown next to a cereal storage box in a step cereal elevator in Niantic, Illinois.
Daniel Acker | Bloomberg | Getty Images
SYRUP PRODUCTION WITH High Fructose Shares Archer-Daniels-Midland President Donald Fell on Thursday after explaining that Trump was convinced Coca Using real reed sugar in the US beverages
“I talk to Coca-Cola about the use of real reed sugar in Coke in the United States and agreed to do so. I would like to thank the authorities at Coca-Cola.” Real Social Post Wednesday published.
“This will be a very good move by them – you will see. Just better!” Trump also wrote.
In Premmarket trade, the SPP shares have fallen more than 3%recently. However, the stock rolled up to 6% in comments. Other relevant stocks, including the global materials provider, also fell JoiningHe lost more than 4 %.
ADM, 1 DAY
The movement has increased by about 13% in the last few months, as the stock has seen gains in the last few months. In addition, it has increased by about 7% to date.
When Trump’s announcement was asked, Coca-Cola did not explicitly accept the change.
“We appreciate President Trump’s enthusiasm for our iconic Coca-Cola brand.” He said. “More details will be shared soon about the new innovative offers in our Coca-Cola product range.”
Coca-Cola shares were marginalized in the market on Thursday and increased by 0.3%. Stocks have increased by more than 11% to date and have performed better than the wider market.
Meanwhile, the Egyptian Refinery Association, an industrial trade group, made a statement about the loss of potential work that could follow such a transition.
“It doesn’t make sense to replace the corn syrup with high fructose corn syrup with reed sugar,” John Bode, the president and CEO of the group. He said. “President Trump represents American manufacturing work, American farmers and reducing trade deficit. The replacement of high fructose corn syrup with cane sugar will cost thousands of American food production business, will disrupt farm income and increase foreign sugar imports, all without nutrition benefit.”
The Trump administration previously called on food companies to reorganize products, the Secretary of Health and Human Services Robert F. Kennedy Jr., earlier this year, said that he wanted “worst materials” from food to managers.
