date:Mar 14, 2014
ty and focus on firms with a network to help export finished and processed food products.
Developing its own trading house should help China get a firmer grip on food supply and the flow of farm commodities.
Beijing sees it as vital to gain a bigger say in pricing commodities. China is the top consumer of everything from soybeans to copper yet price benchmarks are dominated by the West.
COFCO could be on the lookout for more acquisitions. A Japanese trading house official said once COFCO esta