date:May 12, 2014
come as the Japanese trading house also faces more competition. Chinese state trader COFCO Corp has gone on its own spending spree and may soon rival Marubeni, the top grain exporter to China, as it builds its own trading house.
The rapid expansion that Marubeni is pursuing has caused them to take risks that other grains companies would not in their pursuit of business, said Nobuyuki Chino, president of Tokyo-based Continental Rice Corp, who has spent more than 35 years trading grains, includin