With this major expansion, Joy Millers aims to increase production to meet the rising demand for wheat products
This upgrade also allows the terminal to load vessels with multiple commodities more efficiently.
Since 2021, the terminal has been managed by Sollio Agriculture.
The FAS notes that wheat consumption has stagnated in recent years due to demographic changes and evolving consumption habits.
On May 6, ADM’s stock price rose to US$48.32 per share from US$47.50 the previous day.