date:Mar 14, 2014
ly source creates insecurity, said an official in the grains division at a Tokyo-based trading house.
While COFCO will continue making purchases from others, it will also get supplies from its own production areas, and that will have an impact (on the market).
A deal with Noble would also pit COFCO against Marubeni in South America, where Noble has soybean crushing facilities and China is already a major buyer.
Marubeni bought nearly a quarter of Brazil's soybeans in 2013, and is looking to s