date:Mar 14, 2014
Chinese trader COFCO Corp's move to grab control of two overseas grains operations in the space of a week threatens to limit the benefits Japan's Marubeni Corp hoped to reap in the world's largest food market.
The Japanese trader's purchase of U.S. grain merchant Gavilon last year made it China's top grains supplier. The advantage of that firepower could be curbed as China develops its own global agriculture trading house.
COFCO, which agreed to buy a majority stake in Dutch grains trader Nide