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3 months ago
Commodity trader Cargill sees global grain glut remaining for long time
May 11, 2017 / 11:32 PM / 3 months ago

Commodity trader Cargill sees global grain glut remaining for long time

SEOUL, May 12 (Reuters) - Global commodities trader Cargill Inc sees oversupply in global grains market remaining for a long time due to good harvests and a rise in storage, Chief Executive Officer David MacLennan said on Friday.

"I don't see clearing of excess supplies in the near future," MacLennan told a media briefing in Seoul.

He added that he was "optimistic" that South Korea and the United States would support trade between the two countries.

Reporting by Jane Chung; Editing by Joseph Radford

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