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Chinese food giant buys stake in Dutch grain trader
Chinese food giant buys stake in Dutch grain trader

Chinese state-owned food giant Cofco has agreed to buy a controlling stake in Dutch grain trader Nidera, the latest move in China’s global quest to supply its growing food demand. The deal, reportedly worth close to $1.3 billion, would give Cofco 51% control of the Rotterdam-based Nidera, which has infrastructure in major grain producing regions in South America and Central Europe. China needs more soybeans and corn to feed its growing livestock industry. Rising incomes and urbanization has helped double per-capita meat consumption in China since 1992 to 52.5 kilograms (about half the amount in the U.S.). But because China lacks the water and arable land to grow enough grain, it...

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