MOSCOW, March 12 — Global farm commodities traders Cargill Inc and Archer-Daniels-Midland Co said yesterday they were scaling back business activities in Russia, but would continue to operate “essential” food facilities there.
“Food is a basic human right and should never be used as a weapon,” Cargill, a US-based privately held company, said in a statement. A Cargill spokesperson said the information was removed because the investment figure was not correct. The company declined to provide an updated figure on Russian investments.
ADM has an arm of its WILD flavourings business in Russia and a 50 per cent stake in Aston Foods and Food Ingredients, a sweeteners and starches business.
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