World’s Top Crop Traders Hit By Virus in Soy Giant Argentina
- Cofco, Bunge port terminals and soy plants idled due to Covid
- Local shipper Vicentin also reported cases among its employees
Photographer: Daniel Acker/Bloomberg
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Crop giant Argentina has reported its first cases of the coronavirus at port terminals that ship soybean products to the world in a fresh blow to the global commodities trade already disrupted by the pandemic.
China’s Cofco International and U.S. agribusiness firm Bunge Ltd. were both forced to idle port terminals and soybean crush plants north of Rosario on the Parana River, Argentina’s hub for shipments of soy meal for livestock feed and soy oil for cooking and biofuel. Local shipper Vicentin SAIC also had its operations disrupted after employees tested positive.