date:Apr 03, 2014
lobal grain trade will also help China better track the world grain market, Cheng added.
The deal adds volume to Noble's trading business via COFCO and allows it to reduce debt. Noble's stock - which jumped as much as 5 percent on Wednesday - has risen nearly 25 percent since March 4, when Reuters broke the news that COFCO was in acquisition talks with it, adding about S$2 billion in market value.
China is seeing massive expansion in demand for grains such as soybeans and corn, as the growing