Product substitution in beverage production

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Shares of high fructose syrup producer ADM tumble after Trump says Coca-Cola agrees to use real cane sugar
CNBCยท 2025-07-17 12:17
Core Viewpoint - The announcement by President Trump regarding Coca-Cola's shift to real cane sugar has negatively impacted the stock prices of high fructose syrup producers, particularly Archer-Daniels-Midland (ADM) and Ingredion. Group 1: Company Impact - Shares of Archer-Daniels-Midland (ADM) fell nearly 3% in premarket trading and tumbled as much as 6% following the announcement [1][2] - Ingredion, another global ingredients provider, experienced a decline of more than 7% in its stock price as a result of the news [2] Group 2: Industry Reaction - The shift to real cane sugar in Coca-Cola's products is perceived as a positive move by President Trump, which may influence consumer preferences and market dynamics in the beverage industry [1][2]