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Shares of high fructose syrup producer ADM tumbles after Trump says Coca-Cola agrees to use real cane sugar

148d ago
Business
CNBC
Corporate environment
Archer-Daniels-Midland (ADM) stock experienced a significant drop on Thursday following comments made by former President Donald Trump. Trump stated that Coca-Cola had agreed to switch from high fructose corn syrup to real cane sugar in its U.S. products. This announcement triggered investor concern, as ADM is a major producer of high fructose corn syrup. While neither Coca-Cola nor ADM have confirmed the veracity of Trump's claim, the market reacted swiftly, reflecting the potential impact such a change could have on ADM's revenue and profitability. The stock's performance highlights the sensitivity of commodity producers to shifts in consumer preferences and political statements.
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