date:Mar 25, 2014
ican countries, especially Brazil and Argentina, which are both Nideras traditional sources.
Nidera has a strong source platform in Brazil, Argentina and Central Europe as well as a global trading network, which can further extend COFCOs global presence and create new opportunities, said Yu Xubo, president of COFCO during the signing ceremony, adding the deal is a win-win for the two companies.
The agreement comes amid Chinas increasing investment in food assets overseas in recent years. The