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Trump’s China Cooking Oil Embargo Threat Sends Bunge Shares Soaring 11%

Bunge Global surged over 11% following President Donald Trump’s threat to cut off U.S. purchases of Chinese cooking oil. The agricultural giant’s stock gains reflect escalating trade tensions between the world’s two largest economies.

Global agricultural markets experienced significant volatility Wednesday as shares of Bunge Limited surged more than 11% following President Donald Trump‘s announcement that the United States is considering terminating business with China regarding cooking oil imports. The dramatic stock movement represents one of the largest single-day gains for the agricultural commodities giant this year, bringing Bunge’s year-to-date performance to approximately 18% growth.

Trump’s Cooking Oil Embargo Threat