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TagsSource: Financial Times, 8th November 2012
The wave of consolidation among the world's largest agricultural commodities trading houses is now spreading to second-tier companies in the industry. From Glencore’s purchase of Viterra of Canada for more than $6bn to Marubeni’s acquisition of Gavilon for $5.3bn to ADM’s near $2.8bn offer for GrainCorp of Australia, a series of merger and acquisitions have hit the agribusiness sector.
Agricultural traders are seeking to boost profits by increasing scale and diversifying geographically at a time when securing supplies and market intelligence is crucial.
