| CHICAGO, March 3
CHICAGO, March 3 Bunge Ltd and Archer
Daniels Midland Co, two of the world's top agricultural
trading houses, on Monday said political tensions in Ukraine, a
major grain exporter, were not affecting operations but that
they were monitoring the unrest.
"We have not seen any significant impact to business and
continue to monitor the situation," ADM said in a statement.
U.S. grain futures have climbed on concerns about potential
trade disruptions in Ukraine.
ADM, which has port facilities, an inland grain elevator
system and an oilseed processing plant in Ukraine, said its
primary concern was the safety of its employees. All were safe,
according to the company.
Bunge said its businesses were "operating normally in
Ukraine" and that the company would monitor the situation. Bunge
has a port in Nikolaev, a crush plant and packaging facility in
Dnepropetrovsk, and an office in Kiev.
Grain traders have focused their attention on Ukraine as
tensions have mounted amid Russian military intervention on the
The U.S. Department of Agriculture estimates that Russia and
Ukraine will export a total 26.5 million tonnes of wheat in the
2013/14 marketing season, or 17 percent of global shipments. In
corn, Ukraine alone is forecast to export 18.5 million tonnes,
or 16 percent of total exports.
Ukraine will ensure that political turmoil does not reduce
spring grains sowing, the country's new agriculture minister