China Loading Up on Sorghum Gives Century-Old Trader a Boost
- ‘Milo is where we really felt it,’ Scoular CEO Paul Maass says
- Outstanding sorghum sales are the highest in at least 6 years
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Eight months after the phase-one trade deal entered into force, China is loading up on American sorghum, with the cereal giving a 128-year-old trading company a boost.
Scoular Co., one of the biggest handlers of sorghum in the U.S., is benefiting from Chinese purchases of the grain used to feed livestock and poultry, said Paul Maass, chief executive officer of the Omaha, Nebraska-based company. Earnings were “strong,” with results for the year ended in May boosted by sales of sorghum even as the pandemic upended global markets.