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China's grain trader deals pose a threat to 'ABCDs': Maguire
date:Apr 07, 2014
The largest players in the global agriculture trading industry are likely to be cut out of a growing share of world crop trade following the recent move by China's trading arm COFCO to acquire majority stakes in Nidera and Noble Group Ltd's agriculture businesses.

By beefing up COFCO's agricultural product origination capabilities, the Chinese government will be able to cut other third-party traders out of the lucrative purchasing and logistics portion of the supply chain. And given that China

12/24 23:43