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Commodities Briefing - Categorized | Agriculture, Trading more

Major acquisitions in global grain trading

Posted on 29 October 2012

A consolidation is underway in global grain trading as the major players position themselves for an expected surge in demand for food commodities, particularly in Asia. The following are some of the key moves during the last couple of years:
OCTOBER 2012 - Archer Daniels Midland bids $2.8 billion for Australia’s GrainCorp in a deal that could give it a platform to supply Asia. MAY 2012 - Japanese trading house Marubeni Corp. agreed to buy U.S. grain merchant Gavilon for $5.6 billion including about $2 billion in debt. The deal positioned Japan’s top grains trader to benefit from China’s booming demand for imported corn from the world’s biggest supplier………………………………………..Full Article: Source


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VRS - who has written 40228 posts on Opalesque Commodities Briefing.


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