Marubeni, Japans biggest grain trader, will take on the world’s largest commodities traders by shipping more crops on the back of strong demand for food in emerging Asia. Marubeni, the sixth largest grain trader in the world, expects to ship 25 million tonnes to customers by 2012 or 2013.
In the past five years Marubeni has doubled its grain shipments, chief executive Teruo Asada has said that that the 25 million tonnes of grain will be up from the 20 million tonnes expected this year. Asada told the Financial Times that Marubeni was better positioned than its U.S. and European rivals to take advantage of new opportunities in Asia, especially China. Read more...
This blog is written by Martin Little The Global Miller, published and supported by the GFMT Magazine from Perendale Publishers
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