KUALA LUMPUR, July 30 (Bernama) -- Bursa Malaysia's key index closed at an intraday high today, supported by continued buying interest even as renewed geopolitical tensions and a weaker overnight lead from Wall Street following the US Federal Reserve's (Fed) decision to stand pat on interest rates weighed on broader sentiment. The Fed has decided to hold rates steady for the fifth consecutive meeting, with the Federal Funds Rate unchanged between 3.50 per cent and 3.75 per cent. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.84 points to 1,720.40 from yesterday’s close of 1,715.56. The benchmark index, which opened 1.14 points lower at 1,714.42, hit its lowest level of 1,710.69 in early trade before gaining momentum for the rest of the day. However, the broader market was negative with losers outpacing gainers 581 to 411, while 612 counters were unchanged, 1,173 untraded, and 87 suspended. Turnover declined to 2.49 billion units valued at RM2.25 billion from ...
President Donald Trump just sent shockwaves through the sweetener market — and investors in high-fructose corn syrup (HFCS) stocks felt the sting.
In a Truth Social post, Trump announced that Coca-Cola (KO) has agreed to replace HFCS with real cane sugar in U.S. products. The move, he claims, follows personal discussions with Coke.
Market Reaction:
ADM (Archer Daniels Midland): ↓ 5.6% to $51.00 (after-hours)
Ingredion (INGR): ↓ 7.7% to $124.90 (after-hours)
Coca-Cola (KO): ↓ 0.13% (minor move)
Why It Matters:
Both ADM and Ingredion are major suppliers of high-fructose corn syrup — a core sweetener in U.S. soft drinks. If Coca-Cola shifts to cane sugar, HFCS demand could take a hit, especially if other beverage giants follow suit.
This policy-driven change could have wide-reaching implications for processed food and beverage makers reliant on corn-based sweeteners.
MoneyMaster Take:
Not just a Coke story: If Pepsi and other brands follow, this could reshape U.S. sugar markets.
Cane sugar suppliers could see a demand boost — watch for upstream plays in sugar production or refining.
Long-term contracts might delay financial impact for HFCS firms, but investor sentiment has already shifted.
What to Watch:
ADM & Ingredion earnings calls: Will they revise guidance?
Coca-Cola confirmation: Details on product rollout and timeline.
PepsiCo response: A switch could accelerate industry shift.
Agricultural ETFs: Track corn vs. sugar futures divergence.
Smart Moves:
Reassess HFCS exposure in your portfolio.
Watch for cane sugar beneficiaries in Latin America or Southeast Asia.
Keep an eye on regulatory tone — if this becomes a health or trade issue, more reforms may follow.
Bottom Line:
Trump’s “real sugar” push might sound sweet, but it’s leaving a sour aftertaste for ADM and Ingredion investors. If this signals a broader food industry pivot, expect ripple effects across agriculture and consumer staples.
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