date:Mar 14, 2014
ell Brazilian corn to China.
If it wraps up the Nidera and Noble deals, COFCO will likely gain more leverage in corn as well. China's corn imports are seen nearly doubling to five million tonnes in 2013/14 from 2.7 million tonnes a year ago, according to the U.S. Department of Agriculture.
COFCO has buying power domestically, so for grains majors, including Marubeni, trade would fall if they could buy from themselves, the executive at the Japanese trading house said.
But Noble doesn't have an