date:Mar 03, 2014
China National Cereals, Oils and Foodstuffs Corp, known as COFCO and the country's largest food trader, has agreed to purchase 51 percent of Rotterdam-based grain trader Nidera BV for an undisclosed sum to further expand China's grain supply channel in South America.
Nidera, with an annual turnover of more than $17 billion, is a major player in South America's agribusiness and crop technology sectors. It has built a global presence in more than 20 countries, including Brazil, Argentina, Uruguay