Is Cofco set to break open the agri market?

In:

Agri/Soft Commodities

Region:

Asia-Pacific, Europe

Callum Burroughs

Reporter

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Following the complete purchase of commodities traders Nidera and Noble Agri, Cofco, the Chinese state-backed trading house, could be set to move on a market suffering from price difficulties. The acquisitions are part of a trading strategy to ensure that China continues to thrive with greater control over its agricultural imports.