CHICAGO, ILLINOIS, US — Archer Daniels Midland Co.’s (ADM) reopening of its reserve grain-export terminal in Louisiana, US, is postponed due to delayed construction, Bloomberg News reported.
The facility was taken offline after it was damaged in 2019 by a third-party vessel collision. Repair delays are attributed to high water conditions and are expected to be completed in early 2021, Bloomberg News said.
According to Sosland Publishing’s 2020 Grain & Milling Annual, ADM Milling Co. (a wholly-owned subsidiary of ADM) has a total of 63 grain storage facilities in North America with a total licensed storage capacity of 47 million bushels.
