UPDATE 1-ADM declares force majeure along US Gulf terminals, Bloomberg News reports
ReutersJan 22, 2025 11:36 PM
Adds details
Jan 22 (Reuters) - Global grains trader ADM ADM.N has halted loading of grain vessels and declared a force majeure at U.S. Gulf terminals as the region faces a severe winter storm, Bloomberg News reported on Wednesday,
ADM has declared force majeure in southern Louisiana, the report said, citing a person familiar with the matter.
The company did not immediately respond to a Reuters request for comment.
Force majeure declarations are intended to suspend a company's contractual liabilities for supply outages in the wake of disasters that lie beyond its control.
(Reporting by Mariam Sunny in Bengaluru; Editing by Alan Barona and Sherry Jacob-Phillips)
((Mariam.ESunny@thomsonreuters.com))
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