China's COFCO to pay $1.5 billion for stake in Noble's agribusiness
date:Apr 03, 2014
ful agricultural trading house along the lines of its Unipec oil trading business - one of the world's biggest buyers of crude oil - as it seeks to shore up supplies of animal feed grains to meet soaring demand for high-protein food.

We can source ample, and low-cost, grains by direct purchases from farmers in major grain-growing countries, said Cheng Guoqiang, a researcher with the State Council Development and Research Center, the think-tank of China's cabinet.

COFCO's participation in the g
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