Posted inAT FinanceBeijingChinaSingaporeWorld

China’s Cofco likely to sit out global grains race as it digests acquisitions

As the world trade in farm commodities faces a shake-up, one of the groups widely expected to play a leading role – China’s Cofco – will probably have sit out the industry consolidation after all. Sources with knowledge of Cofco’s expansion strategy say the state-run conglomerate is struggling to integrate businesses it bought three years […]