cancel
Showing results for 
Search instead for 
Did you mean: 
Senior Advisor

China's Cofco Buys Nidera

Nidera is a big grain traider in South America and Russia.  CofCo, China's big food company, bought 51%.  Maybe Luis can offer some comments on what he thinks this may beam to South American grain trading.

 

http://online.wsj.com/news/articles/SB10001424052702304071004579409933990686414?mg=reno64-wsj&url=ht...

0 Kudos
9 Replies
Senior Advisor

Re: China's Cofco Buys Nidera

China is the engine behind beans, and will remain so.

 

Up til now China has bought the vast majority of its corn supply from the US. I don't think that will change very quickly.

0 Kudos
Honored Advisor

Re: China's Cofco Buys Nidera

Might want to check on who owns Gavilon grain too. That is the combo of Conagra and De Bruce. And no it isn't the Japanese anymore.

0 Kudos
Veteran Contributor

Re: China's Cofco Buys Nidera

Marubeni is the 100% owner of Gavilon.   Marubeni is 100% Japanese.

0 Kudos
Senior Contributor

Re: China's Cofco Buys Nidera

Think it is china.

0 Kudos
Honored Advisor

Re: China's Cofco Buys Nidera

I was under the understanding the Japanese sold it about a month after buying DeBruce

0 Kudos
Veteran Advisor

Re: China's Cofco Buys Nidera

0 Kudos
Honored Advisor

Re: China's Cofco Buys Nidera

Cagey of those Chinese , to put their head offices in Tokyo.
0 Kudos
Honored Advisor

Re: China's Cofco Buys Nidera

Smiley Happy
0 Kudos
Senior Contributor

Re: China's Cofco Buys Nidera

fwiw mr palouser  -  The primary source of corn for China, is it itself.

13/14 they produced ~217mmt, imported 5 mmt., less than 2.5%

nificant

They also are  large wheat and soya growers., onlly at the margin are

they significant exporters/importers.

 

 

0 Kudos