date:Mar 14, 2014
ra on Feb. 28, is in talks to buy into Noble Group's agribusiness arm, people familiar with the matter said.
If the deals are completed, they will give state-backed COFCO more leverage on pricing and strength in logistics and market intelligence.
The key to competitiveness in grains trading is the utilization of shipping, and if COFCO can get the ships that Noble has it will make them more competitive and better able to understand prices, said an executive in the grains department of a Japanes